According to the law of demand, taxes that increase the price of a product are expected to reduce consumption of the product. Five years ago, British Columbia imposed a carbon tax on gasoline.. The tax raised the price of gas oline by about 4.4%. A government official said gasoline consumption in the province decreased by 3% as a result of the tax. For simplicity, assume that all of this decrease was indeed caused by the price of gasoline increasing

$.06 as a result of the tax increase. Use this information to answer the following questions.