Comment: The student included two relevant diagrams in the IA. Figure 1 illustrates the price floor in the market for dairy products and Figure 2 depicts the relationship between price elasticity of demand and total revenue in the dairy market. These diagrams support the analysis of the economic implications of the proposed removal of the price floor for dairy products in Minnesota.

Comment: The student included two relevant diagrams in the IA. Figure 1 illustrates the price floor in the market for dairy products and Figure 2 depicts the relationship between price elasticity of demand and total revenue in the dairy market. These diagrams support the analysis of the economic implications of the proposed removal of the price floor for dairy products in Minnesota.

Comment: The diagrams included in the IA are labeled and reflect relevant economic concepts. Figure 1 illustrates the market for dairy products in Minnesota, showing the price floor, equilibrium price, and excess supply. Figure 2 demonstrates the relationship between price elasticity of demand and total revenue in the dairy market. Each diagram contains appropriate labels and presents information that aligns with the theoretical framework discussed in the essay.

Comment: The diagrams included in the IA are labeled and reflect relevant economic concepts. Figure 1 illustrates the market for dairy products in Minnesota, showing the price floor, equilibrium price, and excess supply. Figure 2 demonstrates the relationship between price elasticity of demand and total revenue in the dairy market. Each diagram contains appropriate labels and presents information that aligns with the theoretical framework discussed in the essay.

Comment: Under Figure 1, the student explained the implications of the price floor on dairy products in Minnesota. The explanation details how the price floor creates excess supply and allocative inefficiency, stating that "the producer surplus increases from area C+E to C+B" and "the consumer surplus decreases from area A+B+D to A." Under Figure 2, the student illustrates the relationship between price elasticity of demand and total revenue, stating that lowering prices may lead to a drop in total revenue. Each explanation enhances the reader's understanding of the diagrams and their relevance to the discussion of the price floor removal.

Comment: The student uses subject-specific terminology relevant to the article and key concept, as shown by terms like "price floor," "equilibrium price," "producer surplus," "consumer surplus," and "allocative inefficiency." The student discusses the implications of these terms in the context of the dairy market in Minnesota, illustrating the economic concepts through the analysis of supply and demand dynamics, welfare loss, and price elasticity. The application of these terms enhances the understanding of the economic issues presented in the article

Comment: Under Figure 1, the student explained the implications of the price floor on dairy products in Minnesota. The explanation details how the price floor creates excess supply and allocative inefficiency, stating that "the producer surplus increases from area C+E to C+B" and "the consumer surplus decreases from area A+B+D to A." Under Figure 2, the student illustrates the relationship between price elasticity of demand and total revenue, stating that lowering prices may lead to a drop in total revenue. Each explanation enhances the reader's understanding of the diagrams and their relevance to the discussion of the price floor removal.

Comment: The student uses subject-specific terminology relevant to the article and key concept, as shown by terms like "price floor," "equilibrium price," "producer surplus," "consumer surplus," and "allocative inefficiency." The student discusses the implications of these terms in the context of the dairy market in Minnesota, illustrating the economic concepts through the analysis of supply and demand dynamics, welfare loss, and price elasticity. The application of these terms enhances the understanding of the economic issues presented in the article

Comment: The student uses subject-specific terminology relevant to the article and key concept, as shown by terms like "price floor," "equilibrium price," "producer surplus," "consumer surplus," and "allocative inefficiency." The student discusses the implications of these terms in the context of the dairy market in Minnesota, illustrating the economic concepts through the analysis of supply and demand dynamics, welfare loss, and price elasticity. The application of these terms enhances the understanding of the economic issues presented in the article

Comment: The student uses subject-specific terminology relevant to the article and key concept, as shown by terms like "price floor," "equilibrium price," "producer surplus," "consumer surplus," and "allocative inefficiency." The student discusses the implications of these terms in the context of the dairy market in Minnesota, illustrating the economic concepts through the analysis of supply and demand dynamics, welfare loss, and price elasticity. The application of these terms enhances the understanding of the economic issues presented in the article

Comment: The student uses subject-specific terminology relevant to the article and key concept, as shown by terms like "price floor," "equilibrium price," "producer surplus," "consumer surplus," and "allocative inefficiency." The student discusses the implications of these terms in the context of the dairy market in Minnesota, illustrating the economic concepts through the analysis of supply and demand dynamics, welfare loss, and price elasticity. The application of these terms enhances the understanding of the economic issues presented in the article

Comment: Under Figure 1, the student explained the implications of the price floor on dairy products in Minnesota. The explanation details how the price floor creates excess supply and allocative inefficiency, stating that "the producer surplus increases from area C+E to C+B" and "the consumer surplus decreases from area A+B+D to A." Under Figure 2, the student illustrates the relationship between price elasticity of demand and total revenue, stating that lowering prices may lead to a drop in total revenue. Each explanation enhances the reader's understanding of the diagrams and their relevance to the discussion of the price floor removal.

Comment: The student uses subject-specific terminology relevant to the article and key concept, as shown by terms like "price floor," "equilibrium price," "producer surplus," "consumer surplus," and "allocative inefficiency." The student discusses the implications of these terms in the context of the dairy market in Minnesota, illustrating the economic concepts through the analysis of supply and demand dynamics, welfare loss, and price elasticity. The application of these terms enhances the understanding of the economic issues presented in the article

Comment: The student uses economic terminology effectively throughout the IA, demonstrating an understanding of the concepts discussed. For instance, the student defines "price floor" and illustrates its implications on market equilibrium by discussing the effects on consumer and producer surplus. Additionally, terms such as "allocative inefficiency," "excess supply," and "price inelasticity" are used appropriately, enhancing the clarity of the analysis. The student integrates relevant diagrams, such as those depicting market dynamics, to support their arguments.

Comment: The student uses economic terminology effectively throughout the IA, demonstrating an understanding of the concepts discussed. For instance, the student defines "price floor" and illustrates its implications on market equilibrium by discussing the effects on consumer and producer surplus. Additionally, terms such as "allocative inefficiency," "excess supply," and "price inelasticity" are used appropriately, enhancing the clarity of the analysis. The student integrates relevant diagrams, such as those depicting market dynamics, to support their arguments.

Comment: The student uses economic terminology effectively throughout the IA, demonstrating an understanding of the concepts discussed. For instance, the student defines "price floor" and illustrates its implications on market equilibrium by discussing the effects on consumer and producer surplus. Additionally, terms such as "allocative inefficiency," "excess supply," and "price inelasticity" are used appropriately, enhancing the clarity of the analysis. The student integrates relevant diagrams, such as those depicting market dynamics, to support their arguments.

Comment: The student uses economic terminology effectively throughout the IA, demonstrating an understanding of the concepts discussed. For instance, the student defines "price floor" and illustrates its implications on market equilibrium by discussing the effects on consumer and producer surplus. Additionally, terms such as "allocative inefficiency," "excess supply," and "price inelasticity" are used appropriately, enhancing the clarity of the analysis. The student integrates relevant diagrams, such as those depicting market dynamics, to support their arguments.

Comment: The student uses economic terminology effectively throughout the IA, demonstrating an understanding of the concepts discussed. For instance, the student defines "price floor" and illustrates its implications on market equilibrium by discussing the effects on consumer and producer surplus. Additionally, terms such as "allocative inefficiency," "excess supply," and "price inelasticity" are used appropriately, enhancing the clarity of the analysis. The student integrates relevant diagrams, such as those depicting market dynamics, to support their arguments.

Comment: The student uses economic terminology effectively throughout the IA, demonstrating an understanding of the concepts discussed. For instance, the student defines "price floor" and illustrates its implications on market equilibrium by discussing the effects on consumer and producer surplus. Additionally, terms such as "allocative inefficiency," "excess supply," and "price inelasticity" are used appropriately, enhancing the clarity of the analysis. The student integrates relevant diagrams, such as those depicting market dynamics, to support their arguments.

Comment: The student uses economic terminology effectively throughout the IA, demonstrating an understanding of the concepts discussed. For instance, the student defines "price floor" and illustrates its implications on market equilibrium by discussing the effects on consumer and producer surplus. Additionally, terms such as "allocative inefficiency," "excess supply," and "price inelasticity" are used appropriately, enhancing the clarity of the analysis. The student integrates relevant diagrams, such as those depicting market dynamics, to support their arguments.