What to anticipate in revenues from given tax


A tax on gasoline is proposed in order to raise money for pollution control activity of several public agencies. The tax will be 10¢ per gallon, and last year 10.3 million gallons of gasoline were used by motorists (this is strictly an illustrative number). Does this mean that we can anticipate $1,030,000 in revenues from this tax? Explain.

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Microeconomics: What to anticipate in revenues from given tax
Reference No:- TGS065205

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