The attached graph displays the market for sugar sweetened beverages(SSBs).?Presume a starting balance at D1?and S1,?where the price of an8?oz.?drink is $2.?At this equilibrium price, the quantity demanded is1000?beverages. Presume that the government imposes a $0.50?excise tax on each8?oz.?beverage sold, resulting in a new equilibrium price and a quantity demanded of900.

1. Based on the provided details, determine the range for the new equilibrium price of sugar-sweetened beverages(SSBs)?Please explain your calculations.

2. Suppose the price elasticity of demand for sugar-sweetened beverages(SSBs)?is unit elastic. Calculate the new equilibrium price and explain rationale.

3. In this excise tax scenario, analyze the shifts in consumer surplus, producer surplus, and the potential existence of deadweight loss from an economic efficiency standpoint. Use the labels and letters on the graph to articulate these changes.(For instance, by referring to specific areas like rectangle P2?P3?A B).

N Price S $2.50' G P A. $2.00 B P C D 1 F 900 1000 Quantity of SSBs