need some assistance on these three questions! PLEASE INCLUDE GRAPHICAL ANALYSIS. Thank you!

III. (8 points) Written answer, eraphical anabysts required. 1. The coronavires pundemic las deawn atiention to the importance of vaccinutives fand other health care services) for promoting public health and well bring. Dew a sepply and demand graph for sakcines leat shous a punate (individual) market demand corve for vacciees (D) that obeys the lase of demand and a market woply curve (5) for vacrincs that obeys the law of supply. Label the equilibriam price (P) and quantily (Q) of vacrincs produced in the frec murket. 2. Eyplain in weeds and bow in your graph the "spilloner benefit" that eccurs whon an individual purchaseveceives a varcine. Label in your graph an MSS curve the shows the marginal sorial benefits of indriduals purchanitpherening a vascine. Labcl in yeer (Q). Explain why the free maiket does noe produce the socially efficicat ansoust of vaccines ats explain what is meant by a vecially ctficiem level of prodoction. 3. What policy (er policies) would you recommend to ceeute a secially ecooomic efficient kevel of vacciese? Governments Zero In In4/2/2c On an Essential Ratio By STLMus firem In the center of the US. Gorenunents across Bursee hadrew Coomo wis on Gos. and in the US. sar they have day that the infection ratio in driven down a key variable to the state had been slowed to levels that suasest that the 09 , bat adsed. Whe have a lockdowns that planged thrif very small margin of error economiss inte the deep here as we navizane goires for tainine the spread of the tio were to rise sliphiny to 12 , The variatle measures the lise and it an epidemic and an average number of echer peo. outberak and is cut of conple each carrier of the aro trol. corsnavine inferte This litfere is Farope, geveraments tion ratio will be arially have alse said they have waiched as pold in kers cali- brought the ratio belour one. bete the iast of rolling back while emplasizing than the measures that have kept hun: butte against the vins in far dreds of milliots of people at froe won and that the ratio hame. If the reproduction racio is Prime Minister Edouard Fhibelow one, the epidemic pe: lippe said on Sunday that the ters out. The closer to one, the variable in Frante had fallen slower the decline, and the to 0.6, showing that the greater rink of a resurgence If spread "is slowint and slowthe ratio stids above one, the ing rapily, thanks to the conepidentic will gather momen- fisement mossurs that have tum. The good newr is across been in place since March th. Europe and in parts of the US. The latest ratios represent the ratio has fallen below ose. a significant encline from the The trouble is that the averase of three to four that spread of the virus is highly many studies estimate would sensitive to whether the ratio hane been the reproduation n2 is jatit below of just above tio if nothing had been done. one. That sensitivity means With an unmitigated mate of goviruments will have to esti- spread, the seriour s)mptoms mane how proposed relaxation of Covid-19, the disease eaured messures such as opeaing by the new coeonaviras, sulschsols, restarting factories fered by a minority of putients and reopening stores will af- would have oveructulined fect the ratio, and they will health systems in most counhave to contizue to motithor tries. the inupact in real time. If the Scientists are still wocking number rises back above ose, on models that may help in some restrictions may have to calibrating measures to relar be reimposes. the lockdouns