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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Definitions:

Talk More

The act of increasing verbal communication or dialogue, often advised to enhance understanding or relationships among individuals.

Cry More

An expression urging an increase in emotional expression or the release of pent-up feelings through crying.

Spouses

A term referring to the partners in a marital relationship, encompassing both husbands and wives.

Always

A term indicating something occurring at all times; perpetually or invariably happening.