Question: need help with these, drunk and drive question is in the bottom. will upvote For the next 2 questions, refer to the drunk driving question
need help with these, drunk and drive question is in the bottom. will upvote


For the next 2 questions, refer to the drunk driving question in Chapter 10: 24. Will the consumption of alcohol by people who drive afterwards provide positive or negative externalities? Positive Externalities Negative Externalities Can't Tell 25. Will the private market provide too much, too little or just enough alcohol consumption compared to the social equilibrium? Too Little Too Much Just Enough Can't Tellefficient outcome. 3. Greater consumption of alcohol leads to more motor vehicle accidents and, thus, imposes costs on people who do not drink and drive. a. Illustrate the market for alcohol, labeling the demand curve, the social-value curve, the supply curve, the social-cost curve, the market equilib rium level of output, and the efficient level of output. b. On your graph, shade the area corresponding to the deadweight loss of the market equilibrium. (Hint: The deadweight loss occurs because some units of alcohol are consumed for which the social cost exceeds the social value.) Explain. 4. Many observers believe that the levels of pollution
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