Read lecture and answer question

  

Read the attached lecture and then answer the question below:

Instruction: Respond to the following discussion question. To earn full credit, post a response of 150 words that includes at least 1 APA citation and the associated reference

Question: Suppose the federal tax on gasoline increased by 5 cents per gallon. Do you think that such an increase, reflected in the price of gasoline, would have a significant impact on gasoline consumption? Why do you think that whenever governments (federal and state) want to increase revenues, they usually propose an increase in taxes on cigarettes and alcohol?

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