Did this intervention correct the existing market


Governments are in the business of providing information to potential buyers. The first serious provision of information on the health consequences of tobacco use appeared in the United States Report of the Surgeon General in 1964.

(a) How would you represent this intervention in a supply and demand for tobacco diagram?

(b) Did this intervention "correct" the existing market demand?

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Econometrics: Did this intervention correct the existing market
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