The x axis for the Laffer curve represents

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The x axis for the Laffer curve represents the tax rate, which ranges from 0% to 100%. As the tax rate increases, it initially leads to a higher tax revenue, but beyond a certain point, it causes disincentives to work, investment, and entrepreneurship, resulting in a decline in tax revenue. The Laffer curve shows the tradeoff between the tax rate and tax revenue and helps to determine the optimal tax rate that maximizes the government's revenue.

The X Axis for the Laffer Curve Represents