Graph the following supply and demand curve:Supply: P = 10 + .4QDemand: P = 50 – .4Qa). What is the equilibrium price and quantity?b). Suppose production of the good in question creates a negative externality equal to $8 per unit. Draw a new supply curve that represents the marginal cost to society. What is the socially optimal price and quantity?c). Calculate the net benefit to society if the government imposes a pollution tax of $8 per unit
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