1.The consumption of alcohol has been shown to lead to more motor vehicle accidents and thus imposes costs on people who do not drink and drive. a.Illustrate the market for alcohol, labelling the demand curve, the marginal social value curve, the supply curve, the marginal social cost curve, the market equilibrium level of output and the efficient level of output. one hundrad words plus b.On your graph, illustrate the area corresponding to the deadweight loss of the market equilibrium. Briefly explain your answer. one hundrad words plus 2. Explain why in the long-run aggregate supply is perfectly inelastic, but in the short-run it is elastic. two hundrad words plus? please give the both questions answer with Harvard style citations and references.thank you