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2, ml = (wlhwu) is the endowment point of consumer 1, and CC is the contract curve. (a) Label the equilibrium allocation on this figure as 21 along with the budget constraint. (b) Following the Second Welfare Theorem, Show on this gure how a social planner can change either (.311 Or .1012 to implement x35}: as an equilibrium. (c) On this figure, label the new equilibrium price ratio after the social planner imple- ments xfp . 4. Consider an econ0my with M = 2 consumers and L = 2 goods. The Edgeworth box for this economy looks like 02 I C1 0 1 {Cg m1 where IC1 is the indifference curve of consumer 1, 1C2 is the indifference curve of consumer