Question: QUESTION 19 Which statement is TRUE regarding a $1 per gallon tax on gasoline imposed on consumers? a. It shifts the demand for gasoline to
QUESTION 19 Which statement is TRUE regarding a $1 per gallon tax on gasoline imposed on consumers? a. It shifts the demand for gasoline to the right. b. It shifts the supply of gasoline to the right. c. It shifts the demand for gasoline to the left. d. It shifts the supply of gasoline to the left. QUESTION 20 1 points In a labor market in which demand is perfectly elastic and supply is neither perfectly elastic nor perfectly inelastic, who bears the tax burden if the statutory incidence is placed on the firms? a both the workers and the firms, although the firms bear more of the fax b.only the workers DC only the firms d. both the workers and the firms, although the workers bear more of the tax
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