5. The following supply and demand data are for a firm producing their product. A positive externality (spillover benefit) exists from the use of much less electricity for the product. The use of electricity will be cut in half when consumers purchase and use the product. (Table 13.1) Table 13.1 Graph attachment provided below the Q&A link to assist you with the concept. Graph the data to get a clearer understanding of the positive externality (spillover benefit) concept. Price Quantity Demanded Quantity Supplied Quantity Demanded private benefits social benefits (QDpb) (QS) (QDsb) 30 1600 1000 1800 35 1480 1080 1680 40 1360 1160 1560 45 1240 1240 1440 50 1120 1320 1320 60 1000 1400 1200 5a. Table 13.1. The equilibrium price and the equilibrium quantity when only private benefits are considered are. 5b. Do private benefits identify the positive externality (spillover benefit)? Yes or No 5c. The positive externality (spillover benefit) is (select one: an underproduction or an overproduction) of the product. 5d. Does the underproduction concept correlate with the underallocation concept? Yes or No Resource: https://www.thefreedictionary.com/underproduction Resource: https://www.coursehero.com/file/p3illcd/Under-allocation- of- resources-to-the-good-and-allocationefficiency-Since-a/ 5e. Does the overproduction concept correlate with the overallocation concept? Yes or No Resource: https://www.quora.com/What-does-over-production-lead-to- economically Resource: https://www.techopedia.com/definition/30867/over-allocation