Question: 10. 11. 14. 17. 20. o o o o o o o o o o o Figure 6-14 Suppose the government imposes a $2

10. 11. 14. 17. 20. o o o o o o o

o o o o Figure 6-14 Suppose the government imposes a $2

10. 11. 14. 17. 20. o o o o o o o o o o o Figure 6-14 Suppose the government imposes a $2 tax on this market. s, 10 QI_IANTITY Refer to Figure 6-14 . Suppose D 1 represents the demand cune for gasoline in both the short run and long run, S 1 represents the supply curve for gasoline in the short run, and S 2 represents the supply curve for gasoline in the long run. After the imposition of the $2 tax, the price paid by buyers will be O unsble to be determined without additional information. higher in the short run then in the lang run c. higher in the lans run than in the short run. d. equivalent in short run end long run.

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