(Figure: Soda Market) Suppose the US. Congress passes a tax of $0.70 on each can of soda. Using the diagram and the "wedge shortcut," determine how much deadweight loss this would create. Price par-In $1.60 1.40 1.20 100 0.80 0.60 0.40 0.20 20 40 60 80 100 120 140 160 Cmofsodauhouunds) 9 $10,500 $35,000 $21,000 $70,000