A tax of €1.00 per litre on petrol
a. places a tax wedge of €1.00 between the price the buyers pay and the price the sellers receive.
b. decreases the price the sellers receive by €1.00 per litre.
c. increases the price the buyers pay by €1.00 per litre.
d. increases the price the buyers pay by precisely €0.50 and reduces the price received by sellers by precisely €0.50.
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