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Barron, John M.; Blanchard, Kelly Hunt; Umbeck, John R. – Journal of Economic Education, 2004
The authors present an example of the effect a change in the excise tax can have on retail gasoline prices. The findings provide support for standard economic theory, as well as provide a vehicle for illustrating some of the subtleties of the analysis, including the implicit assumptions regarding the implications for the buying and selling prices…
Descriptors: Tax Rates, Program Budgeting, Economic Research, Marketing