Suppose the federal excise tax rate on gasoline is increased by 50 percent. Which of the following is the most likely impact on the tax revenue derived from the federal gas tax?

a. Tax revenues will increase by less than 50 percent.
b. Tax revenues will increase by 50 percent.
c. Tax revenues will increase by more than 50 percent.
d. The revenue from the gasoline tax will go to zero.


A

Economics

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Using demand and supply curves for the Japanese yen based on the $/¥ price for yen, an increase in US INFLATION RATES would

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In the long run, entry and exit in a perfectly competitive market will drive the price to the point where the: a. marginal cost curve intersects the average total cost curve at its minimum

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Which of the following shifts aggregate demand to the left?

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Economics