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Suppose the federal tax on gasoline increased by 5 cents per gallon. Do you thi

Suppose the federal tax on gasoline increased by 5 cents per
gallon. Do you think that such an increase, reflected in the price of
gasoline, would have a significant impact on gasoline consumption? Why
do you think that whenever governments (federal and state) want to
increase revenues, they usually propose an increase in taxes on
cigarettes and alcohol?

The post Suppose the federal tax on gasoline increased by 5 cents per gallon. Do you thi appeared first on Course Hero.

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