If buyers are required to pay a tax on top of the price, buyers' willingness to pay will:     decrease and the demand curve will shift up.   increase and the demand curve will shift down.   increase and the demand curve will shift up.   decrease and the demand curve will shift down.

The figure below represents the market for Gasoline, where initially the equilibrium price was $5.60. The picture shows the effect of a $1.50 tax on gasoline. Using the information from the figure, what is the price elasticity of supply(Using the Midpoint method) when moving from equilibrium to the new supply after the tax?(round your answer to 2 decimal places)

Scenario: The government requires consumers to pay a $34 tax on each unit of french fries that they buy. Show the most likely effect of this on the Demand curve for french fries. Price Demand for french fries Quantity

In a market where the supply curve is perfectly inelastic,how does an excise tax affect the price paid by consumers and the quantity bought and sold?