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Assume the government introduces a $0.50 per gallon tax on gasoline. Then which of the following is true?

Assume the government introduces a $0.50 per gallon tax on gasoline. Then which of the following is true?:


a) The quantity of subway and bus tickets sold is likely to increase.
b) The quantity of cars sold is likely to decrease.
c) The quantity of gasoline sold is likely to decrease.
d) All of the above.

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Economics-8209540.doc

Assume the government introduces a $0.50 per gallon tax on gasoline. Then which of the following is true?: a) The quantity of subway and bus tickets sold is likely to increase.
b) The quantity of...

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