It is observed that 100,000 farmers are involved in producing tea in Nepal. Similarly, market survey shows that large numbers of households are consuming tea in Nepal. There is also high export…

It is observed that 100,000 farmers are involved in producing tea in Nepal. Similarly, market survey shows that large numbers of households are consuming tea in Nepal. There is also high export demand for Nepalese tea. In this reference, answer the following questions: a) What will be the effect on equilibrium price and quantity of tea when government provides subsidy for tea farming? b) What will be effect on equilibrium price and quantity of tea when government increases import tax on coffee? c) What will be the simultaneous effect on equilibrium price and quantity of tea when government provides subsidy for tea farming and increase import taxes on coffee?