###The consumption of alcohol has been shown to lead to more motor vehicle accidents and thus imposes costs on people who do not drink and drive.

a.Illustrate the market for alcohol, labelling the demand curve, the marginal social value curve, the supply curve, the marginal social cost curve, the market equilibrium level of output and the efficient level of output. (5 marks)

b.On your graph, illustrate the area corresponding to the deadweight loss of the market equilibrium. Briefly explain your answer. (5 marks)

answer the questions with harvard style citations and references properly