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Question 3 ( 1 point Suppose the government increases the excise tax on gasoline by $0.2.which is mposed on the seller (the seller has to

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Question 3 ( 1 point Suppose the government increases the excise tax on gasoline by $0.2.which is mposed on the seller (the seller has to pay the tax to the government).. The equilibrium price was $1.00 and the equilibrium quantity sold was 5 mio. gallons before the taxes were increased. The new equilibrium price is $1.1 and the new equilibrium quantity is 4 mio. gallons. The figure below illustrates the changes from an excise tax PS-1.1 "Ps-1 Ps 0.9 D Calculate the tax income for the government. Answers should be in millions, so 200000 should be entered as 0.2

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