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Question 11 2 pts Article Link: https://bit.ly/3fbNtrFc The following graph represents the market for high-emissions cars. Answer this question assuming that the externality is not internalised. Price of high emissions vehicles Pu wo NO Social Value Qu Quantity of high emissions vehicles In the stylised model, what is the cost of pollution per high-emission vehicle purchased by buyers equal to? O P4-P2 O P3-P2 O P2-P1 O P4-P3Question 18 3 pts Article Link: https://bit.ly/3fbNtrEc The following graph provides a stylised representation of the effects of the policy proposed by the government to correct for the externality (in the graph, S2 is the supply curve after the policy is implemented). Price of high emissions vehicles NO D Social Value Q , Q 2 Quantity of high emissions vehicles Does the article provide sufficient information to conclude precisely how the burden of the policy would actually be split between buyers and sellers if the policy were implemented? O Yes O NoQuestion 21 2 pts Article Link: https://bit.ly/3fbNtrEc This question asks you to think about what would happen in the market for electric and hybrid vehicles if the policy described in the article is implemented. Assume that electric and hybrid vehicles are substitutes for high-emission vehicles. Demand in the market for electric and hybrid vehicles will likely shift to the [ Select ] Supply in the market for electric and hybrid vehicles will likely shift to the [ Select ]