the consumer special interest groups step in and demand that they receive some help as well, and encourage the government to sell them the excess barley at a market-clearing price. Suppose the government implements the support price at P2 and uses deficiency payment to deal with the additional barley produced. Please show how this scheme will affect the U.S. economy; that is, what happens to the Consumer Price, Producer Price, Quantity Demanded, Quantity Supplied, Consumer Surplus, Producer Surplus, Taxpayer Surplus, and Total Economic Surplus. Use the information (Ps, Qs, and letters) in Figure 1 to complete the three columns (Starting Point, New, and Change) in Table 3. (8 points) na Proram. In this Table 1: The Price Support and Government Purchase Scheme, sell surplus to outside market at Ps. Variable Apply Support Price & Gov't Purchases New Change Producer Price Starting Point P P Consumer Price Quantity Supplied Quantity Demanded Producer Surplus Consumer Surplus Taxpayer Surplus Total Economic Surplus *For the Change column use a or- to indicate if the prices and quantities went up (+) or down (-), and use the letters provided to indicate what happened to the area of Consumer Surplus, Producer Surplus, Taxpayer Surplus, and Total Economic Surplus Q a, xns KS KVI P2 kut B Q QL xn sv tr IN HA K' T trit A, , 1, 0 1J 3, EFL join XXXX + HA Aicin 392 FL blm tenoisg F(-) 6 7fLj bim Table 2: The Price Support and Government Purchase Scheme, Give away surplus as foreign aid Variable Apply Support Price & Gov't Purchases New Change Producer Price Consumer Price Quantity Supplied Quantity Demanded Producer Surplus Consumer Surplus Taxpayer Surplus Total Economic Surplus Starting Point P Pi Q Q x, n,s kvt kns kvf P Pr 64 X'n sutr HA k v t F r H A C G S UVWB XXXX + Sany +x+HA HACJI 3ww tegjion on 2 F Luben vy w B