Elucidate briefly what kind of supply and demand elasticity

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Reference no: EM1351515

congress decides to reduce our dependence on foreign oil by imposing a $.50 tax on each gallon of gasoline at the pump. Briefly explain what kind of supply and demand elasticity for gasoline must be present in the U.S. market, in order for this policy to be effective

Reference no: EM1351515

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Elucidate briefly what kind of supply and demand elasticity : congress decides to reduce our dependence on foreign oil by imposing a $.50 tax on each gallon of gasoline at the pump. Elucidate briefly what kind of supply and demand elasticity for gasoline must be present in the U.S. market, in order for this..

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