(24 points) Suppose the market for sweetened beverages (e.g, cola) in a county can be summarized by the following demand and supply relationships: a. where Q = number of cases per week; P = price per case ($) Determine and illustrate the market equilibrium price and quantity for this good, along with the Consumer Surplus (CS), Producer Surplus (PS) and Total [Marshallian] Surplus (TS). (8 points) b. QD C. = 6000-400P QS = 200P Now assume the local government establishes a price floor (minimum price) of (i.e., excise tax) of $12 per case. Determine and illustrate the market impact of this price floor. (8 points) Ignoring the price floor part b., assume the market demand function changes to: Q = 4800 400 P (the supply function remains as QS = 200P. Determine and illustrate the new market equilibrium price and quantity. Explain may have caused this change in the market. (8 points)