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B88101 B88101
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A year ago
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.
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Microeconomics

Microeconomics


Edition: 17th
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jbeejbee
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A year ago
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Brilliant ツ
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Thanks for your help!!
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