Multiple Choice
Figure 4-25
Figure 4-25 illustrates the market for gasoline before the government imposes a tax to bring about the efficient level of gasoline production.
-Refer to Figure 4-25.If the government wanted to bring about the efficient level of gasoline production by imposing a tax,the actual price of gasoline paid by consumers after the tax is implemented is ________ per gallon.
A) $3.00
B) $3.75
C) $4.25
D) $5.00
Correct Answer:
Verified
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