Suppose that the pre-tax price of gasoline is 1 per gallon, Business Economics

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Suppose that the pre-tax price of gasoline is 1 per gallon

Suppose that the pre-tax price of gasoline is $1 per gallon. A tax of $0.50 is imposed and is paid by consumers to the government. What must the gross price of gasoline be after the tax so that the consumer tax burden is equal to the producer tax burden?

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Business Economics: Suppose that the pre-tax price of gasoline is 1 per gallon

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