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Refer to the Information Provided in Figure 17

Question 222

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Refer to the information provided in Figure 17.1 below to answer the questions that follow. Refer to the information provided in Figure 17.1 below to answer the questions that follow. Figure 17.1 -Refer to Figure 17.1. If the economy is at a point such as C on the Laffer curve, a(n) ________ in tax rates will ________ tax revenue. A) increase; increase B) decrease; decrease C) decrease; increase D) change; not change Figure 17.1
-Refer to Figure 17.1. If the economy is at a point such as C on the Laffer curve, a(n) ________ in tax rates will ________ tax revenue.


A) increase; increase
B) decrease; decrease
C) decrease; increase
D) change; not change

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