Congress and the president decide that the united states should reduce air pollution by reducing its use of gasoline. they impose a $0.50 tax on each gallon of gasoline sold. who should they impose this tax on? consumers producers it doesn't matter if the demand for gasoline were more elastic, this tax would be effective in reducing the quantity of gasoline consumed. true or false: consumers of gasoline are hurt by this tax.
a. True
b. False workers in the oil industry are by this tax.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Congress and the president decide that the united states should reduce air pollution by reducing its use of gasoline. they impose a $0.50 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Telecom Co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. To induce customers, Telecom Co. provides a free phone. Telecom Co. normally sells the phone on a stand-alone basis for $200.
Answers (1)
Find and describe three real-world examples of unethical pricing strategies.
Answers (1)
Marcia, owner of drapes by design, has groups of employees in production and installation. if she decides to use work teams as part of her leadership approach, she may be able to:
Answers (1)
Wickland company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $108,000. the machine's useful life is estimated to be 4 years, or 140,000 units of product, with a $2,000 salvage value.
Answers (1)
Tumbler Co. had an inventory balance of $15,250 on January 1, purchased $34,000 during the accounting period, and the cost of goods sold was $28,000. What is the ending balance in the inventory account?
Answers (1)
New Questions in Business
Digby has a roe of 0.24 (roe = net income/equity). that means:
Answers (1)
If a bank depositor withdraws $1000 of currency from an account, what happens to bank reserves, checkable deposits, and the monetary base? Assume that the required reserve ratio on checkable deposits is 10% and banks do not hold any excess reserves.
Answers (1)
During the Great Depression, consumer spending was higher than ever in history. Question 10 options: True False
Answers (2)
A property is being appraised by the cost approach. The appraiser estimates that the land is worth $17,000 and the replacement cost of the improvements is $235,000. Total depreciation from all causes is $23,000.
Answers (1)
NorthWest Corp. obtained the following information from its accounting records: Sales $70,000 Beginning Finished Goods Inventory $10,000 Ending Finished Goods Inventory $46,000 Cost of Goods Sold $22,000 Ending Work-in-Process Inventory $30,000
Answers (1)