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Use the Figure Below to Answer the Following Question(s)

question 169

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Use the figure below to answer the following question(s) .
Figure 4-9 Use the figure below to answer the following question(s) . Figure 4-9   -Refer to Figure 4-9. The market for gasoline was initially in equilibrium at point b. If a $.40 excise tax was imposed, A)  the supply of gasoline would shift to S<sub>2</sub>. B)  the price of gasoline to consumers would increase from $1.20 per gallon to $1.40 per gallon. C)  the net price received by producers of gasoline would decline from $1.20 per gallon to $1.00 per gallon. D)  all of the above would occur.
-Refer to Figure 4-9. The market for gasoline was initially in equilibrium at point b. If a $.40 excise tax was imposed,

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