Research a current news article about a government policy enacted in the United States that impacts both supply and demand for a specific product or service. Using the template provided in the What to Submit section, write a short paper demonstrating what you have learned about government policy interventions.
Specifically, you must address the following rubric criteria:
- Introduction: Briefly introduce the chosen government policy intervention and describe the intended effects on the market.
- Policy Analysis: Analyze how the policy affects the equilibrium price and quantity in the market for a specific product or service.
- What are the changes in consumer surplus, producer surplus, and total surplus? Provide specific examples to illustrate.
- What is the overall impact on the market? Provide specific examples to illustrate.
- Policy Evaluation: Evaluate the effectiveness of the policy.
- Does the policy achieve its intended objectives?
- What actions can the government pursue to be more effective? Provide specific examples to illustrate.
Support your claims with examples from the news article or from the textbook cited in APA format.
Requirements: 1 1/2 pages
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