Suppose a tax on gasoline is imposed on consumers in order to discourage the consumption of oil. What will shift in the market? Demand will decrease and quantity supplied will decrease. Demand will increase and quantity supplied will decrease. Demand will decrease and quantity supplied will increase. Demand will increase and quantity supplied will increase.
Suppose a tax on gasoline is imposed on consumers in order to discourage the consumption of oil. What will shift in the market? Demand will decrease and quantity supplied will decrease. Demand will increase and quantity supplied will decrease. Demand will decrease and quantity supplied will increase. Demand will increase and quantity supplied will increase.
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc