If Nebraska imposed a tax on milk of 10 cents per gallon,it would

Name: If Nebraska imposed a tax on milk of 10 cents per gallon,it would
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The tax on milk of 10 cents per gallon would be an excise tax because it is a tax on a specific good or service. It would not be an income tax because it is not based on individual or business income. Implementing this tax may or may not reduce tax revenue depending on the elasticity of demand for milk, but it would not cause the supply of milk to rise.

If Nebraska Imposed a Tax on Milk of 10 Cents