Externalities without Policy Interventions Figure 2.1 Externalities with Policy Interventions Figure 2.2 How do policy interventions affect a product's supply and demand equilibrium? Provide specific examples from the simulation to illustrate. What are the determinants of price elasticity of demand? Identify at least three examples. Explain how pri

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Externalities without Policy Interventions Figure 2.1 Externalities with Policy Interventions Figure 2.2 How do policy interventions affect a product's supply and demand equilibrium? Provide specific examples from the simulation to illustrate. What are the determinants of price elasticity of demand? Identify at least three examples. Explain how price elasticity can impact pricing decisions and the firm's total revenue. What policy intervention can cause a change in consumer or producer surplus? Explain why using specific reasoning.

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