Business
Business, 10.03.2020 22:06, MzThixkumz

Prior to any taxes, the equilibrium price of gasoline is $3 per gallon. Then a $1-per-gallon tax is levied. As a result, the price of gasoline rises to $3.75 per gallon. The incidence of the $1 tax is paid by consumers and paid by producers. $0; $1.00 $0.25; $0.75 $0.50; $0.50 $0.75; $0.25

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Prior to any taxes, the equilibrium price of gasoline is $3 per gallon. Then a $1-per-gallon tax is...

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