A tax on gasoline is proposed in order to raise money for the pollution-control activities of several

Question:

A tax on gasoline is proposed in order to raise money for the pollution-control activities of several public agencies. The tax will be 10¢ per gallon, and last year 10.3 million gallons of gasoline were used by motorists (this is strictly an illustrative number). Does this mean that we can anticipate $1,030,000 in revenues from this tax? Explain and use a graph to answer this question.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Environmental Economics

ISBN: 9780078021893

7th Edition

Authors: Barry Field, Martha K Field

Question Posted: