Markets and the Economics of the Public Sector, economics homework help

Youhave been assigned to a team that has the responsibility of preparing apaper consisting of 1,750 words for the governor's next economicconference. Your paper should address the following:Explain why equilibrium of supply and demand is desirable.Explain the following concepts using the concept of consumer and producer surplus:Efficiency of marketsCosts of taxationBenefits of international tradeDiscuss how externalities may prevent market equilibrium and thevarious governments policies used to remedy the inefficiencies inmarkets caused by externalities.Analyze the difference between the efficiency of a tax system andthe equity of a tax system as it refers to the costs imposed ontaxpayers using the benefits principles.Cite a minimum of 3 peer-reviewed sources, not including your textbook.Format consistent with APA guidelines.