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80 100 Quantity (billions of gallons) Refer to Figure 4-7. The supply curve S; and the demand curve D indicate initial conditions in the market

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80 100 Quantity (billions of gallons) Refer to Figure 4-7. The supply curve S; and the demand curve D indicate initial conditions in the market for gasoline. A $.60-per-gallon excise tax on gasoline is levied. How much revenue does the S.60-per-gallon tax generate for the government? O a $40 billion O b. $48 billion

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