In 2008, the average equilibrium price for gasoline in canada was about $1.26 per liter. At this average price, Canadian consumers purchased 44,796,754,000 liters of gasoline. The elasticity of demand was recently estimated to be -0.65. Because Canada is small open economy that can buy as much gasoline as it wants without changing the world gasoline price, the elasticity of supply equals . A new carbon tax was introduced in 2019 at about $0.044 per liter. Use this information to answer the following questions.

1- how will the tax alter the sales of gasoline?

2-what is the expected revenue from the tax?

3-what is the deadweight loss of the tax?

4- what is the efficiency loss ratio associated with the tax?

5- what is the incidence of the tax on buyers?