Solved

If a Federal Gasoline Tax of $1 Per Gallon Goes

Question 186

Multiple Choice

If a federal gasoline tax of $1 per gallon goes into effect,in an attempt to promote conservation of energy,the result would be to


A) increase both equilibrium price and quantity for gasoline.
B) decrease both equilibrium price and quantity for gasoline.
C) increase the equilibrium price and decrease the equilibrium quantity for gasoline.
D) decrease the equilibrium price and decrease the equilibrium quantity for gasoline.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents