can you please help with this Q.

Now let's split the energy market into two separate markets: - the coal-red energy - renewable energy (i.e. solar, wind) Atwo markets model is illustrated below: P P Demand (private value) Supply (private cost) Coal-ft red energy Renewable energy For the moment let's ignore externalities, and focus on the effect of an exogenous event instead. Closing coal-red power plants (while holding constant the number of renewable energy plants) would lead the supply in the coal-red market to [33'9\"] and consequently prices to [se'ECt] in the coal-red market. Since these two types of energy are likely to be [salad] in consumption, the same event would lead the demand in the the renewable market to [53'9\"] and the supply in the the renewable market to [59'9\"] such that prices would [Select] in the renewable market. In turn the new equilibrium price in the renewable market could lead to the demand in the coal-fired market to 4b [Se'ec'fl and consequently to prices [59'9\"] in the coalfired market