2. Suppose consumer decisions to purchase a product in a market are based solely on the private benefits these consumers expect to receive from the product. These decisions lead to the following market demand curve: Price 15 14 13 12 11 10 9 8 Quantity 10 20 30 40 50 60 70 80 Demanded The market supply contains the following points: Price 15 14 13 12 11 10 9 8 Quantity 70 65 60 55 50 45 40 35 Supplied a. What is the equilibrium price and quantity? b. Now suppose each product purchased by these consumers also creates a positive externality for others of $3. If these consumers were to consider the social benefits of their purchases when deciding to buy, rather than just the private benefits, what would be the new equilibrium price and quantity? c. How does this new equilibrium compare to the previous equilibrium when only private benefits were considered? d. List 2 ways the government could get these consumers to consider the social benefits of their purchases when deciding to buy