Government Intervention- Micro Topic 2.8

I got 1, 2, and 4 but missed 3. The correct answer was my second choice but I can't explain why. I guess I need to keep practicing. :)

You're a lifesaver Mr Clifford（and woah live chickens.

you saved me from failing micro

Hi Clifford hope you well? I have a Case Study that i dont understand
Can u help please.
This is my question
with the use of a diagram, explain the welfare costs of the government intervention in healthcare

dude shoulda sold his chickens clearly wasn't an economist

for subsidy, I can't seem to understand why the supply curve shifts only by that much i.e. new price equilibrium is $15. Why not go down to $10 ($20-$10)? why is the $10 vertical distance only shifts the curve by that much?

Am I also right to say that supply curve shift because subsidy is considered a non-price factor although it does affect the price buyers need to pay?

I feel so horrible for those poor chickens...

You've helped me so much,God bless this men🥺

Why is there a half empty gallon of skim milk on the shelf lol!

I just finsihed an exam and thanks to your videos.. God bless you, Jacob.

Thanks bro

🎉

Um what a good explanation, LoL keep it up.....I have understood the things which are failed to understand in class for One month

Mr Clifford try to speak slowly

Can someone explain the answers?

I love you Jacob

Love this!

chickens on the loose🤣🤣🤣🐥🐥🐤🐤🐣🐔🐔🐓

No one gonna talk about the milk behind him?

gracias te amo

ah yes... chimken

I've been looking everywhere but I can't find a video that explains a certain exercise,
Due to the existence of a negative externality we want to regulate this market in
order that the amount in equilibrium is of 3 units. What price policy would you
recommend? Maximum or minimum prices?

How would I calculate it?

i want to ask what are the pros and cons of government intervention in the market for necessity goods like egg, fish and chicken. Consider the effects to both consumers and producers.

If I get a uni degree it will be 100% bc of this man

hii , can you explain that in case of $10 subsidy, how is there deadweight loss cause people do want 40million chickens at $15 price
producers getting $10 extra doesn't change consumers part right?

3 minutes into the video and I am listening to "Highway to hell"! Anybody knows why!??

I can’t believe what I just watched. Clearly I came for Econ class.. but witnessed murders of innocent chicks.. I did not deserve this..

Lol, did you actually bring those chickens on your set? death by laughter... love this. Keep it up.

God bless this man and his team , Especially this man .

What is the difference between the government giving businesses a subsidy which taxpayers eventually end up paying, and the government directly taxing people in the first place?

Thank you xx

Thank you!

Please POST THE ANSWERS!!

I would like to know some information about GST

Please sir

Mr Clifford, I staerted loving economics once again with help of you 🤩

D?

Nicely explained.

Sees chicken video, check resolution, oh yeah, its still 720p lol

I cannot thank you enough. This is literally a week of content in 7 minutes. Thank you so much.

😭sir where is answers

1 - D
2 - B
3 - E
4 - D

I am concerned that what I learned in a week is just a 7 minutes video instead of a 3hr lecture and 2hr of tut session. However, I realize how much time I am saving up and put them in the right place.

HE'S BACK!

What are the answers to the questions???

dang government really screws things up with price control

Mr. Clifford, I think you forgot to post the answers to this video.