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 = $2.00 and Q = 1000. 3.00 2.80 - - ---S' 2.60 2.40 t=0.60 S 2.20 2.00 1.80 Price ($) 1.60 1.40 1.20 1.00 .80 .60 .40 .20 100 200 300 400 500 600 700 800 900 1000 1100 1200 Bottles of Soft Drinks per Day FIGURE 4-4 Refer to Figure 4-4. Suppose the government imposes a tax of $0.60 per soft-drink purchased. The after-tax price received by the seller becomes Select one: O A. $2.20. O B. $2.00. O C. $2.40. O D. $1.80. O E. $2.60