Suppose that we are considering the market for windmills. The private demand for windmills is given buy: Q = 14-0 2p And the private supply ofwindmills is given by: Q = p 10 Suppose also that windmills produce a positive externality, with a Marginal Economic Benefit of $20 per unit. 5. What would be the private market equilibrium (p' & (1*)? Show vourwork. [2 points] 6. What is the socially optimal equilibrium (p* 8: Q')? Show vourworlc. [3 points] When we consider the total surplus created by a product with a positive externality, the relevant demand curve for measuring Consumer Surplus would be the Social Demand Curve. 7. What is Producer Surplus and Consumer Surplus in the private market equilibrium? [2 points] 8. What is the increase in Total Surplus from moving from the private market equilibrium to the socially optimal equilibrium? [2 points]