Competitive Markets and Externalities [Replace this area with the Supply and Demand chart.] Figure 2.1 [Replace this area with the Outcomes by Market table] Figure 2.2 [Insert your responses to the fol lowing questions: What impact do policy interventions have on the supply and demand equilibrium for a product? Provide specic examples from the simulation to illustrate] [What are the determinants of price elasticity of demand? Identify at least three examples. Based on the outcome of the simulation, explain how price elasticity can impact pricing decisions and total revenue of the rm.] [Based on the results of the simulaon, can policy market interventions cause consumer or producer surplus? Explain why using specic reasoning]