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Author Question: Suppose an additional "special" tax of $0.10 per litre is imposed on the sale of gasoline in one ... (Read 562 times)

effaey

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on: Oct 12, 2022
Suppose an additional "special" tax of $0.10 per litre is imposed on the sale of gasoline in one province. Prior to the tax the price was $1.30 per litre and 10 million litres of gasoline are sold per day. After imposition of the tax, the new equilibrium price and quantity are $1.38 per litre and 9.6 million litres per day. What is the direct burden of this "special" tax?
◦ $960 000 per day
◦ $40 000 per day
◦ $768 000 per day
◦ $192 000 per day
◦ There is not enough information to know.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by effaey on Oct 12, 2022

saly

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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effaey

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

milbourne11

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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