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To ease some of the "Pain at the Pump" ( i.e., increasing gas...
To ease some of the "Pain at the Pump" (i.e., increasing gas prices), Senator Richard Blumenthal (D-Conn) has proposed a temporary suspension of the 18.4¢/gallon federal gas tax through the end of 2022. If this legislation is enacted, what will happen to the average price per gallon for gasoline?
a. The price will fall by approximately $18.4 per gallon
b. The price will fall more than $18.4 per gallon
c.The price will fall by less than $18.4 per gallon
d.The price per gallon will increase
e. none of the above
Answer & Explanation
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