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Hpreet796 Hpreet796
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5 years ago Edited: 5 years ago, bio_man

Question 1.

Figure 5-13



Figure 5-13 illustrates the market for gasoline before the government imposes a tax to bring about the efficient level of gasoline production.


Refer to Figure 5-13. If the government wanted to bring about the efficient level of gasoline production by imposing a tax, the actual price of gasoline paid by consumers after the tax is implemented is ________ per gallon.

• $3.00

• $3.75

• $4.25

• $5.00

Question 2.

Figure 5-13



Figure 5-13 illustrates the market for gasoline before the government imposes a tax to bring about the efficient level of gasoline production.


Refer to Figure 5-13. If the government wanted to bring about the efficient level of gasoline production by imposing a tax, the amount of the gasoline tax would be ________ per gallon.

• $0.75

• $1.25

• $1.75

• $2.00
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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coltonf1coltonf1
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Hpreet796 Author
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