Question

A tax is imposed on producers for each gallon of gasoline sold. The graph illustrates the demand and supply curves for gasoline both before and after the tax is imposed.

A tax is imposed on producers for each gallon of gasoline sold. The graph illustrates the demand and supply curves for gasoli

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Answer #1

Ans) $ 1

Amount of tax paid be sellers = price received before tax - price received after tax

= 4.5 - 3.5 = 1

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