The European Union banned certain pesticides for two years after studies found links between the use of these insecticides and a decline in the bee population. In particular, research has shown that the use of imidacloprid, clothianidin, and thiamethoxam on flowering crops have adversely affected the honeybee population in North America and Europe. Consider the private market for these pesticides shown in the graph on the right. It shows the equilibrium level of pesticides that will be produced in the private, unregulated market for these pesticides. This outcome is not socially efficient. In the graph, how would you account for the pesticides' effect on honeybees? 1.) Using the line drawing tool, draw either a new supply curve or demand curve to account for the pesticides' effect on honeybees. 2.) Using the point drawing tool, indicate the new equilibrium. Label your point 'E5". Carefully follow the instructions above and only draw the required objects. Price of pesticides (per ton) Demand 1 13 T T T T T T T T T I T T T T T T T T T I T T T 0 2 4 6 8 1012 14 16 18 20 22 24 26 28 30 Quantity of pesticides sold (tons)