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What impact do policy interventions have on the supply and demand equilibrium for a product? Provide specific examples to illustrate. What are the determinants of

  • What impact do policy interventions have on thesupply and demandequilibrium for a product? Provide specific examples to illustrate.
  • What are the determinants ofprice elasticityof demand? Identify at least three examples.
  • Can policymarket interventionscause consumer or producer surplus? Explain why using specific reasoning.

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