The higher the sales tax rate, the higher the profit a retailer can achieve.

Name: The higher the sales tax rate, the higher the profit a retailer can achieve.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A higher sales tax rate means that customers will have less money to spend on goods, which could potentially reduce sales for the retailer. Additionally, a high sales tax rate may incentivize customers to shop in neighboring areas with lower tax rates, further reducing the retailer's profit.

The Higher the Sales Tax Rate, the Higher the Profit