Written answer, graphical analysis required.

1.The coronavirus pandemic has drawn attention to the importance of vaccinations (and other health care services) for promoting public health and well-being.Draw a supply and demand graph for vaccines that shows a private (individual) market demand curve for vaccines (D) that obeys the law of demand and a market supply curve (S) for vaccines that obeys the law of supply.Label the equilibrium price (P) and quantity (Q) of vaccines produced in the free market.

2.Explain in words and show in your graph the "spillover benefit" that occurs when an individual purchases/receives a vaccine.Label in your graph an MSB curve that shows the marginal social benefits of individuals purchasing/receiving a vaccine.Label in your graph the socially efficient level of vaccines (Q*) and compare to the free market output (Q).Explain why the free market does not produce the socially efficient amount of vaccines and explain what is meant by a socially efficient level of production.

3.What policy (or policies) would you recommend to create a socially economic efficient level of vaccines?

Can you please just type answers. I have hard time to read handwriting. Thank you