e. What is the cross-Price elasticity between Coke and Jolt? f. Are Coke 81 Jolt Complements or substitutes? 4) Use the figure below to answer the following questions. Price (dollars per unit) Quantity [units] Figure I a- Consider the demand curve in Figure 1. What is the consumer surplus when the price is $4 a tmit? b- Consider the demand curve in Figure 1. What is the consumer surplus when the price is $11 a tu1it? c- Consider the demand curve in Figure 1. If the price rises from $4 to $11 a unit, What will happen to consumer surplus? 5) There have been proposals that a tax be imposed on sugar-laden soft drinks in an attempt to reduce their consumption. Assume for simplicity that all bottled soft drinks are the same size. Suppose the initial market equilibrium is P = $2.00 and Q = 1000. (see figure 2 below) a) Refer to Figure 2. Suppose the government imposes a tax of $0.60 per soft drink purchased. The price paid by the consumer becomes = b) Refer to Figure 2. Suppose the government imposes a tax of $0.60 per soft drink purchased. The after-tax price received by the seller becomes = c) Refer to Figure 2. Suppose the government imposes a tax of $0.60 per soft drink purchased. The government total tax revenue from sales of soft drinks is : (1) Refer to Figure 2. Suppose the government imposes a tax of $0.60 per soft drink purchased. When it comes to the economic incidence, who is bearing the tax burden, buyers, or sellers? Explain using actual numbers. Figure 2