The US Congress passes a law that raises the excise tax on gasoline by $1 per gallon. What effect will this change have on the demand and supply of gasoline?

This is a discussion question NOT a paper. Must be 250 words. For Economics class.

 

The US Congress passes a law that raises the excise tax on gasoline by $1 per gallon.  What effect will this change have on the demand and supply of gasoline?  What will happen to gasoline prices and quantity?  Choose a market that maybe affected and predict long-term consequences.

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