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In Great Britain,raising Taxes on Gasoline Has Increased the Costs

Question 31

Multiple Choice

In Great Britain,raising taxes on gasoline has increased the costs of supplying gasoline.As a result,the equilibrium quantity of gasoline ________,and the equilibrium price of gasoline ________.


A) increases; rises
B) increases; falls
C) decreases; rises
D) decreases; falls
E) does not change; rises

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