Suppose that we are considering the market for windmills. The private demand for electric cars is given buy: ?d = 160 − 2? And the private supply of electric cars  is given by: ?s = ? − 20 Suppose also that electrci cars  produce a positive externality, with a Marginal Economic Benefit of $30 per unit. 5. What would be the private market equilibrium (p* & Q*)?  6. What is the socially optimal equilibrium (p* & Q*)?  7. What is Producer Surplus and Consumer Surplus in the private market equilibrium?

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