Final answer:
The subjective statement among the three is the claim that the proposed bill will cause people to drive less. Gasoline prices affect driving behaviors, and higher prices may lead to reduced consumption, although this varies among individuals. Gas taxes are typically used for road maintenance and as pollution charges.
Step-by-step explanation:
Out of the three statements provided, the one that is subjective is: This bill will cause people in the state to drive less. This assertion assumes a reaction without considering individual circumstances and fails to account for the complexity of human behavior. It also does not present any factual evidence to support the claim, making it an opinion rather than an objective statement.
Gasoline prices can impact driving decisions, and when costs are high, people may choose to drive less and purchase less gasoline. This situation can be analyzed from an economic perspective, considering the elasticity of demand for gasoline. When prices rise, the demand for gasoline may decrease if individuals find alternatives or reduce overall usage. However, since gasoline is quite inelastic, some people might continue to consume similar amounts, owing to the necessity of travel for work and other obligations.
State governments in the U.S. employ various means to raise revenue, such as sales taxes and fees for services. Gasoline taxes serve as pollution charges and funding sources for road maintenance. Comparing the gasoline prices in the United States with other countries, it is observed that the tax on gasoline tends to be lower in the U.S.
Considering a hypothetical scenario where the government caps the price of gasoline at $1.30 per gallon, we can anticipate several outcomes. There would likely be a surge in demand for gasoline at the lower price, which could lead to shortages if supply does not meet the increased demand. Moreover, producers might reduce their output due to lower profit margins, exacerbating the imbalance in the gasoline market.