The graph below illustrates the market for natural gas. Currently, the market equilibrium output and price is 9 million units at $4 per unit. Suppose that Garret argues that the socially optimal output is 6 million. On the graph, use the drag tool to shift the appropriate curve to illustrate Garret's argument. To refer to the graphing tutorial for this question type, please click here. . I Natural Gas Price 16 15 14 13 12 11 10 S2 (15.0, 5.5) Millions of unitsSuppose that Peter argues that the socially optimal output is 12 million units. On the graph, shift the appropriate curve to illustrate Peter's argument. . + Natural Gas Price 16 14 13 12 11 10 4.0, 6.5) D1 Millions of unitsSuppose you overhear two ofvour friends debate whether we should reduce or increase the amount of fracking to extract underground reserves of natural gas. Garret claims that there currently is too much natural gas produced in the market at thecurrent level of production, as fracking increases water pollution. He proposes that the government impose a tax on the natural gas companies as a disincentive to produce. Peter. on the other hand, claims that there is too little natural gas produced, as tracking provides more employment and higher inoornes to the areaswhere it occurs. He proposes that the government offer a subsidy to encourage more consumption of natural gas