Long run effect of raising the price of gas, Macroeconomics

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Long run effect of raising the price of gas

When a gobernment wants to increase tax revenue, they will often increase the sales tax on gasoline. Using the price eleasticity of demand, explain why the tax would be placed on gasoline rather than, say yachts. What might be the long run effect of raising the price of gas?

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Macroeconomics: Long run effect of raising the price of gas

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Macroeconomics: Long run effect of raising the price of gas

Reference No:- TGS064793

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : Which project should cleveland accept

Q : Understanding of the problem of development

Q : How did the adoption of the euro in the ecc come about

Q : Explain airlines early commitment to photo identification

Q : Long run effect of raising the price of gas

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Q : Identify four ps of marketing mix relate to new purchase

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Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Long run effect of raising the price of gas

Reference No:- TGS064793

Recent Questions Asked Macroeconomics

Q : Which project should cleveland accept

Q : Understanding of the problem of development

Q : How did the adoption of the euro in the ecc come about

Q : Explain airlines early commitment to photo identification

Q : Long run effect of raising the price of gas

Q : What is the company''s cost of goods sold

Q : Explain elements of marketing mix to influence purchase

Q : Concept of environmental true cost pricing

Q : Identify four ps of marketing mix relate to new purchase

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