Ramifications of higher gasoline taxes

Reference no: EM13136667

One thing governments do well is collect taxes. Taxes are a policy instrument that raise revenue and can control behavior through economic or market pressures.

* What would some of the costs be to the public resulting from a higher tax on gasoline?

* How would a forecast of public demands change with rising taxes on gasoline?

* How would you analyze the political feasibility of increasing taxes on gasoline?

Reference no: EM13136667

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