In an effort to discourage the consumption of energy drinks, a tax of $50 per can is imposed on consumers at the point of sale. Assess the total welfare effect of the tax. Does it have the intended effect? 2. Consider a demand and supply graph with an effectively enforced price floor. a) What is the effect on the price in the market and the quantity traded of an increase in demand? b) What is the effect on the price in the market and the quantity traded of an increase in supply