Refer to the Graph

Multiple Choice

Refer to the graph. Critics of supply-side economics would argue that tax rates are currently between

A) b and d and that a decrease in tax rates will decrease tax revenues.
B) 0 and b and that a decrease in tax rates will decrease tax revenues.
C) 0 and b and that a decrease in tax rates will increase tax revenues.
D) b and d and that a decrease in tax rates will increase tax revenues.