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Title: Suppose an additional "special" tax of $0.10 per litre is imposed on the sale of gasoline in one ... Post by: B88101 on Oct 16, 2022 Suppose an additional "special" tax of $0.10 per litre is imposed on the sale of gasoline in one province. Prior to the tax the price was $1.30 per litre and 10 million litres of gasoline are sold per day. After imposition of the tax, the new equilibrium price and quantity are $1.38 per litre and 9.6 million litres per day. What is the direct burden of this "special" tax?
▸ $960 000 per day ▸ $40 000 per day ▸ $768 000 per day ▸ $192 000 per day ▸ There is not enough information to know. Title: Suppose an additional "special" tax of $0.10 per litre is imposed on the sale of gasoline in one ... Post by: jbee on Oct 16, 2022 Content hidden
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