Question: Please answer the questions the same way it is shown. Give an answer under variable and equilibrium price and the others. Answer the questions the

Please answer the questions the same way it is shown. Give an answer under variable and equilibrium price and the others. Answer the questions the same it is shown please. Answer who is worse off and the welfare loss. Please and thank you. This is for microeconomics.

Please answer the questions the same way it is shown. Give an

go Given graph shows market demand and supply for mangoes. Govt. gives exclusive rights to certain producers to sell mangoes and producers choose to restrict the quantity supplied to 4 million kg per year. Complete the table and answers the questions given below. 16 marks 24 S 21 Price IB Per Kq . 15 12 9 6 3 4 coty. ( million kgs . per years Variable Before govt. intervention After govt. intervention Equilibrium price Equilibrium quantity Consumer surplus Producer surplus Total surplus CS transferred to PS Deadweight loss Surplus lost to consumers= Surplus lost to producers= Total welfare loss = 6+18=$24 Who is worse off after government intervention? Whose welfare loss is more? Why

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