1.Read the following article excerpt:

Sweetened-beverage sales in Seattle dropped 30% after soda tax, new study says The Columbianhttps://www.columbian.com/news/2020/feb/23/sweetened-beverage-sales-in-seattle-dropped-30- after-soda-tax-new-study-says/

By Daniel Beekman, The Seattle Times

Published: February 23, 2020, 1:45pm

Sales of sugar-sweetened beverages at stores in Seattledropped about 30.5%in the monthsafterthe cityadopted a taxon such beverages, says a new study that also looked at sales at stores in Portland, which has no such tax.

Sales in Portland declined only 10.5%,suggesting sales in Seattle dropped much more than they would have without a tax, according to the peer-reviewed study by University of Illinois at Chicago researchers.

The study's results are the first to measure the impact of Seattle's tax on beverage sales in the city, and they may bolster claims by supporters that the controversial policy is working as intended.

"From a public health perspective,this is good," said Jay Krieger, a University of Washington professor who heads the nonprofit Healthy Food America. "People are purchasing less sugary drinks, and we know that sugary drinks are associated with heart disease, diabetes, high blood pressure and strokes."

Seattle's tax of 1.75 cents per fluid ounce, which took effect on Jan. 1, 2018, ischarged to distributorsof sugar-sweetened beverages. Distributors can pass the tax on to stores, and stores to consumers. Proponents said thetaxwouldreduce soda salesandraise money for health and education programs.

Your task 1:Explain, with the aid of a diagram, how a soda tax such as the one described above would impact consumers, producers and society more generally.

Your task 2:Comment on whether or not you support such a tax and why.