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-In the Above Figure, If the Tax Rate Is Increased

Question 395

Multiple Choice

-In the above figure, if the tax rate is increased from 20 percent to 30 percent, tax revenue A) increases. B) may increase or decrease. C) is constant. D) decreases.
-In the above figure, if the tax rate is increased from 20 percent to 30 percent, tax revenue


A) increases.
B) may increase or decrease.
C) is constant.
D) decreases.

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