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Homework answers / question archive / A $1-per-gallon tax on the sale of gasoline will raise the price by $1 per gallon if a

A $1-per-gallon tax on the sale of gasoline will raise the price by $1 per gallon if a

Economics

A $1-per-gallon tax on the sale of gasoline will raise the price by $1 per gallon if

a. the demand is perfectly elastic.

b. the demand is unit elastic.

c. the supply is perfectly elastic.

d. the supply is perfectly inelastic.

Option 1

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