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Suppose the government increases x on gasoline by $0.2,which is imposed on the seller (the sell equ 5 mio, gallons and the new The figure

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Suppose the government increases x on gasoline by $0.2,which is imposed on the seller (the sell equ 5 mio, gallons and the new The figure below illus PS 09 Calculate the change in consumer surplus (Loss of Consumers) - enter answer as a numerical value. Answers should be in millions, so 200000 should be entered as 0.2 Question 2 (1 point) Suppose the government increases the excise tax on gasoline by $0.2.which is imposed 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. PSTI. PS-1 PS-09 Calculate the change in producer surplus (Loss of producers) - enter answer as a numerical value. Answers should be in millions, so 200000 should be entered as 0.2

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