Refer to the graph above. A movement from point C to point D on the Laffer Curve represents: A) Increased tax rates from T₂ to T₃ and increased tax revenues from R₂ to R₃ B) Decreased tax rates from T₃ to T₂ and increased tax revenues from R₂ to R₃ C) Decreased tax rates from T₃ to T₂ and decreased tax revenues from R₃ to R₂ D) Increased tax rates from T₂ to T₃ and decreased tax revenues from R₃ to R₂

Question

Quizplus · Accepted Answer

The Answer of Refer to the graph above. A movement from point C to point D on the Laffer Curve represents: A) Increased tax rates from T₂ to T₃ and increased tax revenues from R₂ to R₃ B) Decreased tax rates from T₃ to T₂ and increased tax revenues from R₂ to R₃ C) Decreased tax rates from T₃ to T₂ and decreased tax revenues from R₃ to R₂ D) Increased tax rates from T₂ to T₃ and decreased tax revenues from R₃ to R₂

Refer to the Graph Above