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How has the introduction of health bucks affected

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Reference no: EM133251949

'Health bucks' are vouchers that can be used to purchase fresh fruits and vegetables at farmers markets. They are distributed by NYC Health Department District Public Health Offices to low-income individuals. To simplify the analysis, think about the program as providing additional income to low-income individuals. (The government is involved indirectly since these vouchers are part of government expenditure.)

1) How has the introduction of "Health Bucks" affected the market for fresh fruits and vegetables at NYC farmers markets? Explain in words and graphically.

2) In a welfare table and words, describe how the introduction of the program affects consumers and producers in this market. (We are assuming that the government is not involved directly in this market.)

Reference no: EM133251949

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