What is a government price floor? What is one benefit? What is one cost?

What determines by how much the price goes up when the government implements a price floor?   Question 5 options:   The government   All the other answers are incorrect   The elasticity of supply   The elasticity of demand

Please help me find the answer to the following. I got the answer wrong.

None

In 2013, it was estimated that the total value of all corn-production subsidies in the United States totaled about $4.8 billion. The population of the United States was approximately 315 million people that year. a. On average, how much did corn subsidies cost per person in the United States in 2013? (Hint: A billion is a 1 followed by nine zeros. A million is a 1 followed by six zeros.) b. If each person in the United States is only willing to spend $0.50 to support efforts to overturn the corn subsidy, and if antisubsidy advocates can only raise funds from 10 percent of the population, how much money will they be able to raise for their lobbying efforts? c. If the recipients of corn subsidies donate just 1 percent of the total amount that they receive in subsidies, how much could they raise to support lobbying efforts to continue the corn subsidy? d. By how many dollars does the amount raised by the recipients of the corn subsidy exceed the amount raised by the opponents of the corn…

P₁ 2 P₂ P3 A LL B F LL iG T none of these Q₁ M T E K I N Q₂ Q3 R What areas of the diagram above represent deadweight loss if the government sets a price floor at P3? Select all that apply D

The following graph depicts a market where a tax has been imposed. Pe was the equilibrium price before the tax was imposed, and Qe was the equilibrium quantity. After the tax, PC is the price that consumers pay, and PS is the price that producers receive. QT units are sold after the tax is imposed. NOTE: The areas B and C are rectangles that are divided by the supply curve ST. Include both sections of those rectangles when choosing your answers. What is the amount of the tax, as measured along the y axis?     PC + PS     Pe – PS     PC – PS     PC – P*     Pe + PS

if the governement would like to induce a consumer to consumer a specific level of some good. which would be cheaper a cash system or a subsidy system and why

Briefly define and explain export subsidies.

Your student group is setting up an internship fair. You invite companies looking for interns and students looking for internships and offer them a place to connect. The UofT wants to encourage this event and offers a per-internship of $5000. Whom do you recommend they give the $5000 to?--the student who gets the internship, the company that hires the student or split the money between them equally? What would be the effect of a $5000 subsidy on the number of internships? Why?