Consider the market for flowers that can be planted in a flower garden in front of a house. The flowers provide a benefit to the homeowner. The flowers also provide a benefit to people walking past who enjoy the aesthetic beauty of a well-landscaped yard. Draw a supply and demand graph for the market for landscape flowers. Clearly label the following elements: Private marginal cost, private marginal benefit, social marginal cost, social marginal benefit, the private market equilibrium quantity, and the socially optimal quantity. Is the private market quantity of flowers too high or too low? What can be done to reach the efficient quantity of flowers