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and government surplus programs (from graph A) and for GRAPH A GRAPHS Calculate. it. the equilibrium price and quantity (before policy) 3 marks in the values of the consumer surplus, producer surplus, and net gains/ losses for the market in each of the three government programmes- be. without government intervention, with price floor plus purchase of surplus and price floor with with gov't subsidy (0 marks(2 marks) QUESTION THREE wing terms (2 marks) Differentiate between the to ion effect ent port programs as specificed below a i. Income effect and sub types of subsidies: (1) a price floor ii. Economic profit and ec erkcultural plus grain, (2) a price floor plus b. consider the welfare effects of three seven nothing, and (3) direct government of all the government is considering to grow plus the government purcha government payments to farn! subsidy payments to farmers dy is $2 per 90kg bag. demand curve is Pd - 10 - Od. supply curve is Ps - 24 0s. consumer surplus, pr the price floor is set at $7, while Petitive identify by len