In the market for gasoline,an increase in the federal excise tax on gasoline would shift the supply curve up.

Name: In the market for gasoline,an increase in the federal excise tax on gasoline would shift the supply curve up.
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Question

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Increasing the federal excise tax on gasoline would increase the cost of production for gasoline suppliers, leading to a decrease in the quantity supplied at each price level. This would result in a shift of the supply curve upward.

In the Market for Gasoline,an Increase in the Federal Excise