the long-term solution to the high price of gasoline is: answers a) to find new sources of supply. b) decrease the fuel consumption of cars. c) reduce the price through government subsidy. d) increase the price further through government taxation.

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21-10-2022
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the long-term solution to the high price of gasoline is: answers a) to find new sources of supply. b) decrease the fuel consumption of cars. c) reduce the price through government subsidy. d) increase the price further through government taxation.

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SidHussain SidHussain · Answer 1 · 2022-10-24T08:36:19-04:00

The long-term solution to the high price of gasoline is d) increase the price further through government taxation.

The high price of gasoline is due to the overconsumption of gasoline in various parts of the world. The supply of gasoline is less whereas the usage is more which ultimately causes the prices to go higher.

The long-term solution to the high price of gasoline is to further increase the price of gasoline through government taxation. Such an act will cause more revenue to be generated to search for more reserves to produce more gasoline. Also, the increase in prices will cause people to use less gasoline. This long-term solution can prove fruitful if more reserves of gasoline are made or gasoline is imported from other countries.

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