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Assume the government introduces a $0.50 per gallon tax on gasoline. Which of the following is true ? a) the quantity of subway and bus
Assume the government introduces a $0.50 per gallon tax on gasoline. Which of the following is true ?a) the quantity of subway and bus tickets sold is likely to increase. b) the quantity of cars sold is likely to increase. c) the quantity of gasoline sold is likely to increase. d) the quantiy supplied by producers will decrease. What is the correct answer ?
a) the quantity of subway and bus tickets sold is likely to increase.
b) the quantity of cars sold is likely to increase.
c) the quantity of gasoline sold is likely to increase.
d) the quantiy supplied by producers will decrease.
What is the correct answer ?
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