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  • 23-09-2020
  • Social Studies
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How do higher taxes impact gas prices?

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kennedyarielle144
kennedyarielle144 kennedyarielle144
  • 23-09-2020

Answer:

raising gasoline taxes and lowering income taxes would cause people to work more, not less. The authors find that a 10 percent increase in gasoline prices would decrease gas consumption by 4.3 percent, or roughly 37 gallons per household per year.

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