Solved

Use the Following to Answer Questions

Question 205

Multiple Choice

Use the following to answer questions :
Figure: The Gasoline Market Use the following to answer questions : Figure: The Gasoline Market   -(Figure: The Gasoline Market) Use Figure: The Gasoline Market.The pre-tax equilibrium price is $3,and the equilibrium quantity before tax is 20 000 litres.An excise tax has been levied on each litre of gasoline supplied by producers.Based on the graph,the incidence of the tax on suppliers is: A)  $1.50. B)  $1. C)  $0.75. D)  $15 000.
-(Figure: The Gasoline Market) Use Figure: The Gasoline Market.The pre-tax equilibrium price is $3,and the equilibrium quantity before tax is 20 000 litres.An excise tax has been levied on each litre of gasoline supplied by producers.Based on the graph,the incidence of the tax on suppliers is:


A) $1.50.
B) $1.
C) $0.75.
D) $15 000.

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