Multiple Choice
Suppose the tax on gasoline is decreased from $0.60 per gallon to $0.40 per gallon.As a result,
A) tax revenue necessarily decreases.
B) the deadweight loss of the tax necessarily decreases.
C) the demand curve for gasoline necessarily becomes steeper.
D) the supply curve for gasoline necessarily becomes flatter.
Correct Answer:
Verified
Correct Answer:
Verified
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