3. Which firms should produce those cars? 4. Which consumers should purchase those cars? 5. Find the maximum social surplus in the electric car market. Highlight it in the graph you drew above and calculate it numerically.Question 3 There are four consumers willing to pay the following amounts for an electric car: Consumer 1 Consumer 2 Consumer 3 Consumer 4 $70,000 $20,000 $80,000 $40.000 There are four firms that can produce electric cars. Each can produce one car at the following costs: Firm 1 Firm 2 Firm 3 Firm 4 $30,000 $60,000 $40,000 $20,000 Each firm can produce at most one car. Suppose we want to maximize the difference between consumers willingness to pay for electric cars and the cost of producing those cars; that is, we want to maximize social surplus. 1. Draw the market supply and market demand curves in the same graph. Hint: For demand, each consumer has a price threshold below which he/she will be willing to buy the car, then total demand is the sum of the cars each consumer would buy. Similarly, each producer has a threshold price above which they would be willing to produce and sell the car. Then, total market supply at a given price is the number of firms willing to produce and sell at that given price. These curves will not look smooth and regular