Given the Information In Figure a related to the car market, Identify the market and optimal...

  

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Given the Information In Figure a related to the car market, Identify the market and optimal outcomes using Figure b. Figure bis provided below. Price (per car) Market for Cars M Quantity (cars per year) Market demand Social demand Other Goods(units per year) Instructions: Use the tools provided 'M' and 'X' to illustrate the market outcome (M) and the optimal outcome (X) on the production possibilities curve. Then click on the dropdown boxes to identify these points as 'M' or "X" (b) Production Possibilities Curve Tools Select M X Cars(units per year) Select PPC Given the Information In Figure a related to the car market, Identify the market and optimal outcomes using Figure b. Figure bis provided below. Price (per car) Market for Cars M Quantity (cars per year) Market demand Social demand Other Goods(units per year) Instructions: Use the tools provided 'M' and 'X' to illustrate the market outcome (M) and the optimal outcome (X) on the production possibilities curve. Then click on the dropdown boxes to identify these points as 'M' or "X" (b) Production Possibilities Curve Tools Select M X Cars(units per year) Select PPC