QUESTION 19

Canada's federal government has imposed a carbon tax on non renewable energy(the most common of those would be gasoline). As a result, the . . .

1. supply curve of gas would shift left and price would increase
2. supply curve of gas would shift right and price would increase
3. demand curve of gas would shift left and price would increase
4. demand curve of gas would shift left and price would decrease
5. we don't have enough information to answer this question