Problem
Concerned about the political fallout from rising gas prices, the government cuts the tax on gasoline. Use this information to work Problems.
Explain the effect of this tax cut on the price of gasoline and the quantity bought if, at the same time, a global shortage of oil sends the price up.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.