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With acreage With no program limitation program Impact of program Consumer surplus Producer surplus Impact on the government budget Net benefits (consumer surplus + producer

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With acreage With no program limitation program Impact of program Consumer surplus Producer surplus Impact on the government budget Net benefits (consumer surplus + producer surplus - government expenditure) Deadweight loss d) As an alternative way to support a price of $15, suppose the government purchases the difference between the quantity demanded at a price of $15 and the quantity supplied. How much does the government spend on this price support program? e) Fill in the following table for the government purchases program: With government With no program purchase program Impact of program Consumer surplus Producer surplus Impact on the government budget Net benefits (consumer surplus + producer surplus - government expenditure) Deadweight loss

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