A recent increase in federal gasoline taxes was estimated to cause a $150 million reduction in the total (consumer plus producer) surplus in the gasoline market.If tax revenues increased by $100 million,what is the deadweight loss associated with the tax
As a result of the tax,10,000 people sold their cars and started riding their bicycles to work.How much of the burden of the deadweight loss is incurred by the bicycle riders

Question

A recent increase in federal gasoline taxes was estimated to cause a $150 million reduction in the total (consumer plus producer) surplus in the gasoline market.If tax revenues increased by $100 million,what is the deadweight loss associated with the tax
 As a result of the tax,10,000 people sold their cars and started riding their bicycles to work.How much of the burden of the deadweight loss is incurred by the bicycle riders

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The Answer of A recent increase in federal gasoline taxes was estimated to cause a $150 million reduction in the total (consumer plus producer) surplus in the gasoline market.If tax revenues increased by $100 million,what is the deadweight loss associated with the tax
 As a result of the tax,10,000 people sold their cars and started riding their bicycles to work.How much of the burden of the deadweight loss is incurred by the bicycle riders

A Recent Increase in Federal Gasoline Taxes Was Estimated to Cause