2. When Bloomberg was mayor of NY City, he was very concerned about obesity in believed it was related to soda consumption. He has a couple ideas to try to x the problem. Use economics to evaluate the following public policy strategies. (a) The imposition of a tax of 5 cents per ounce of soda sold anyplace in NY city. Use diagrams to illustrate the effect of this tax on soda consumption in NY. Illustrate one case in which a tax will have a large impact on soda consumption and a second case in which the tax will have a limited impact. What is the difference between the two cases