4.2 Supply and Demand Analysis: An Oil Import Fee
Refer to the information provided in Figure 4.4 below to answer the questions that follow. Figure 4.4
-Refer to Figure 4.4. The United States will import 2 million barrels of oil per day if a ________ per barrel tax is levied on imported oil.
A) $25
B) $50
C) $100
D) $150

Question

4.2 Supply and Demand Analysis: An Oil Import Fee
Refer to the information provided in Figure 4.4 below to answer the questions that follow.  Figure 4.4
-Refer to Figure 4.4. The United States will import 2 million barrels of oil per day if a ________ per barrel tax is levied on imported oil.
A) $25 
B) $50 
C) $100 
D) $150

Quizplus · Accepted Answer

The correct answer is A because the graph shows that the United States will import 2 million barrels of oil per day if a $25 per barrel tax is levied on imported oil.

42 Supply and Demand Analysis: an Oil Import Fee