The table presents market demand and supply for bananas across one year. When the market price is 8 cents per kg, the market is in disequilibrium. What action would the government need to take in order to reach market equilibrium at a price of 8 cents per kg?
- Agrant a subsidy of 2 cents per kg to producers
- Bimpose a tax of 4 cents per kg on consumers
- Cpurchase the entire supply at 8 cents and sell at 4 cents
- Dration consumers to 75 kg each per year