42 Supply and Demand Analysis: an Oil Import Fee

question 132

Multiple Choice

4.2 Supply and Demand Analysis: An Oil Import Fee
Refer to the information provided in Figure 4.4 below to answer the questions that follow. Figure 4.4
-Refer to Figure 4.4. The United States will import 2 million barrels of oil per day if a ________ per barrel tax is levied on imported oil.

• A) $25
• B) $50
• C) $100
• D) $150