all posts must have in-text citations and work Cited. You have enough information in our textbook to apply to this article so please find how to cite a chapter in a book for the Works Cited. Please read the following article from Bloomberg on 8/17/2023.

https://www.bloomberg.com/features/2023-

china-ev-graveyards/

https://www.bloomberg.com/features/2023-

china-ev-graveyards/B

China's Abandoned, Obsolete Electric Cars Are Piling Up in Cities." Bloomberg.Com. www.bloomberg.com.

https://www.bloomberg.com/features/2023-china-ev- graveyards/ E Accessed 22 Aug.

2023. Question and Instructions: Using evidence from chapters 2, 3, 4, 5 and 19 and outside sources; make an evidenced based argument answering the following compelling question (must answer all parts. market, what factors led to thousands of abandoned cars left across China? *Use evidence from research on all parts of the questions below to provide the foundation for the answer. A. Summarize the article and the market failure including the determinants of supply and demand and how the market failed. B. Define and apply the elements of government failure in this market. C. How do our economic choices impact the global environment? Book name is McConnell, C.R., Brue, S.L,& Flynn, S.M.

Microeconomics 23 ed McGraw Hill LLC,

(2024). Book Chapter 4: Market Failures Caused by Externalities and Asymmetric Information. Chapter 5: Public Goods, Public Choice, and Government Failure. Chapter

19: Environmental Economics. Chapter 2:

The Market System and the Circular Flow.

Please flow all the information.