Assignment: Watch the following PBS Newshour story on Philadelphia's implementation of a tax on sugary drinks: (Links to an external site.) https://youtu.be/WLW6-oqniLE Write least two paragraphs answering the following questions:

1. Why might revenues generated from the tax fall short of expectations?

2. Do you think that Philadelphia should or shouldn't have adopted the tax to fund pre-K education? Support your brief argument with economic concepts covered in the course.

3. Suppose a government wants to use tax policy to persuade people to not consume certain products or services. Suppose, the government has limited resources and can only enforce (or collect) a limited number of taxes. Should that government target goods or services that have an elastic or inelastic price elasticity of demand (ED)? Why?

4. Suppose the goal of a government is to raise as much money as possible to fund governmental services. Should the government target goods and services that have an inelastic or elastic ED? Why?