Consider the Laffer curve for a hypothetical good as displayed in the graph shown. 
If the current tax rate is 90 percent: the quantity effect currently outweighs the price effect.the government could increase revenue by lowering the tax rate.deadweight loss will increase if the tax rate is lowered.
A) I and III only
B) II only
C) I, II, and III
D) I and II only
Correct Answer:
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