2. (13 Points) Suppose market demand and market supply for soda (in millions of cans) are given by: QD = 200 2513' Q5 : 1513 20 (a) (5 Points) Calculate the equilibrium price and quantity of soda, as well as the con- sumer surplus and producer surplus. For later subparts, assume the competitive equilibrium is efcient (Le.g 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 loss1 the tax revenue, and the incidence of this tax. (0) (3 Points) Intuitively, how would the impacts on total surplus from this tax change if soda is sold by a rm with market power (eg.: a monopolist)