Use the Following to Answer Question

question 65

Multiple Choice

Use the following to answer question:
-(Figure: The Gasoline Market) Use Figure: The Gasoline Market.The pretax equilibrium price is $3,and the equilibrium quantity before tax is 20,000 gallons.An excise tax has been levied on each gallon of gasoline supplied by producers.Based on the graph,the incidence of the tax on suppliers is:

• A)$1.50.
• B)$1.
• C)$0.75.
• D)$15,000.

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