2. (11 Points) Suppose market demand and market supply for soda (in millions of cans) are given by: Q9 = 150 3UP Q3 = 10P 10 (a) {4 Points) Calculate the equilibrium price and quantity of soda, as well as the con- sumer surplus and producer surplus. For later sub-parts, assume the competitive equilibrium is efcient (i.e., there are no distortions or externalities). (b) {5 Points) The federal government passes a tax that requires producers to pay 2 dollars per can for all sodas sold. Compute the new equilibrium price and quantity, the deadweight loss, the tax revenue, and the incidence of this tax. (c) {2 Points) Intuitively, how would the impacts on total surplus from this tax change if soda is sold by a monopolist rm