The table presents the market demand and market supply for kiwifruit during a year. When the market price is $3 per kg, the market is in disequilibrium. What action would the government need to take in order to bring about market equilibrium at a price of $3 per kg?
- Aimpose an indirect tax of $2 per kg on kiwifruit
- Bpurchase the entire supply at $3 per kg and sell at $2 per kg
- Cset a maximum price of $3 per kg
- Dsubsidise kiwifruit production by $2 per kg