Please read: Seattle soda tax brings in more than $10M in first six months https://www.seattletimes.com/seattle-news/politics/seattle-soda-tax-brings-in-more-than-10m-in-first- six-months/?utm_source=EX&utm_medium=News&utm_campaign=MRUEmail&utm_content=seattle- soda-tax-brings-in-more-than-10m-in-first-six-months&_s=clknigd20iwd43d3bgOu Please address the following: 1. Name and discuss two reasons why a governing body would want to tax sugar-sweetened beverages. 2. The news article linked above states: "..the tax could generate more money this year than anticipated." If this tax does indeed generate more money than expected, what is known about the price elasticity of demand with regard to sugar-sweetened beverages in Seattle? 3. "Though Seattle's tax is being paid by distributors, they can choose to pass the tax on to supermarkets, convenience stores and restaurants, which can pass it on to their customers." By referencing the above quote, please discuss the term tax incidence