Use the following to answer questions :
Figure: The Gasoline Market 
-(Figure: The Gasoline Market) Use Figure: The Gasoline Market.The pre-tax equilibrium price is $3,and the equilibrium quantity before tax is 20 000 litres.An excise tax has been levied on each litre of gasoline supplied by producers,shifting the supply curve upward.What is the tax rate?
Definitions:
Financial Resources
Assets in the form of cash, credit, or other financial assets that are available to an individual or organization for use.
Total Economic Cost
The sum of explicit and implicit costs associated with a business activity or decision, considering both direct financial outlays and opportunity costs.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision.
Production
The process of creating goods or services by combining labor, materials, and capital.
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