Advanced Placement (AP)

Suppose that the average household in a state consumes 1000 gallons of gasoline per year. A 50 cent gasoline tax is introduced, coupled woth a $ 500.00 annual tax rebate per Household. will the household be better or worse off under the new programme?

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Suppose that the average household in a state consumes 1000 gallons of gasoline per year. A 50 cent...

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