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Figure 8-24

Question 9

Multiple Choice

Figure 8-24.The figure represents the relationship between the size of a tax and the tax revenue raised by that tax. Figure 8-24.The figure represents the relationship between the size of a tax and the tax revenue raised by that tax.   -Refer to Figure 8-24.Tax revenue would A) decrease if the economy began at point B and then the tax rate was decreased. B) increase if the economy began at point F and then the tax rate was decreased. C) decrease if the economy began at point C and then the tax rate was increased. D) All of the above are correct.
-Refer to Figure 8-24.Tax revenue would


A) decrease if the economy began at point B and then the tax rate was decreased.
B) increase if the economy began at point F and then the tax rate was decreased.
C) decrease if the economy began at point C and then the tax rate was increased.
D) All of the above are correct.

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