What is the amound of the tax per gallon of gasoline
Course:- Microeconomics
Reference No.:- EM13242521

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The government has imposed a tax on gasolone. What is the amound of the tax per gallon of gasoline? How much tax revenue will government collect from this tax? How much of the tax is paid by consumers? How much is paid by producers? Which is more elastic, the supply or demand for gasoline?

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