An excise tax of 20 cents on gasoline shifts demand down by exactly 20 cents.

Name: An excise tax of 20 cents on gasoline shifts demand down by exactly 20 cents.
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The excise tax on gasoline would shift the supply curve upward, resulting in an increase in price and a decrease in quantity demanded. The amount of the shift would depend on the elasticity of demand, but it would generally be less than the amount of the tax.

An Excise Tax of 20 Cents on Gasoline Shifts Demand