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    Microeconomics Private and Public Choice Study Set 2
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    Exam 4: Supply and Demand: Applications and Extensions
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    Use the Table Below to Choose the Correct Answer
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Use the Table Below to Choose the Correct Answer

Question 243

Question 243

Multiple Choice

Use the table below to choose the correct answer. Use the table below to choose the correct answer.   For the income range illustrated, the tax shown here is A)  regressive. B)  proportional. C)  progressive. D)  progressive up to $20,000 but regressive beyond that. For the income range illustrated, the tax shown here is


A) regressive.
B) proportional.
C) progressive.
D) progressive up to $20,000 but regressive beyond that.

Correct Answer:

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