Market for gasoline affected if the excise tax on gasoline

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Reference no: EM131082043

How is the market for gasoline affected if the excise tax on gasoline is? reduced?

a) the supply of gasoline increase

b)the equilibrium quantity of gasoline degreases

c) the equilibrium price of gasoline increases

d) the supply of gasoline decreases?

Reference no: EM131082043

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