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 referenceQuestion: 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?
Read lecture and answer question
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