1) Suppose demand for automobiles in the United States is given by: P = 100 0.09629 Where P is the price for new vehicles in dollars and (2;; is the quantitj}r demanded per month. Assume the supply of automobiles is given y P = 4 + 0.03.223 where again P is the price in thousands of dollars and Q3 is the quantity sold per month in hundreds of thousands. a.) Solve for the market equilibrium price and quantity. (2 pts) b.) Depict this market graphically, and compute consumer and producer surplus in this market. (4 pts) c.) Suppose that the negative external cost of each automobile is $6. Add the social cost curve to your graph, and calculate the amount of the exterllality and the deadweight loss. (4 pts)