Refer to the graph. A movement from point C to point D on the Laffer Curve represents
A) increased tax rates from $T _ { 2 } \text { to } T _ { 3 } \text { and increased tax revenues from } R _ { 2 } \text { to } R _ { 3 } \text {. }$
B) decreased tax rates from $T _ { 3 } \text { to } T _ { 2 } \text { and increased tax revenues from } R _ { 2 } \text { to } R _ { 3 } \text {. }$
C) decreased tax rates from $T _ { 3 } \text { to } T _ { 2 } \text { and decreased tax revenues from } R _ { 3 } \text { to } R _ { 2 }$
D) increased tax rates from $T _ { 2 } \text { to } T _ { 3 } \text { and decreased tax revenues from } R _ { 3 } \text { to } R _ { 2 }$

Question

Refer to the graph. A movement from point C to point D on the Laffer Curve represents
A) increased tax rates from $T _ { 2 } \text { to } T _ { 3 } \text { and increased tax revenues from } R _ { 2 } \text { to } R _ { 3 } \text {. }$ 
B) decreased tax rates from $T _ { 3 } \text { to } T _ { 2 } \text { and increased tax revenues from } R _ { 2 } \text { to } R _ { 3 } \text {. }$ 
C) decreased tax rates from $T _ { 3 } \text { to } T _ { 2 } \text { and decreased tax revenues from } R _ { 3 } \text { to } R _ { 2 }$ 
D) increased tax rates from $T _ { 2 } \text { to } T _ { 3 } \text { and decreased tax revenues from } R _ { 3 } \text { to } R _ { 2 }$

Quizplus · Accepted Answer

The Answer of  Refer to the graph. A movement from point C to point D on the Laffer Curve represents
A) increased tax rates from $T _ { 2 } \text { to } T _ { 3 } \text { and increased tax revenues from } R _ { 2 } \text { to } R _ { 3 } \text {. }$ 
B) decreased tax rates from $T _ { 3 } \text { to } T _ { 2 } \text { and increased tax revenues from } R _ { 2 } \text { to } R _ { 3 } \text {. }$ 
C) decreased tax rates from $T _ { 3 } \text { to } T _ { 2 } \text { and decreased tax revenues from } R _ { 3 } \text { to } R _ { 2 }$ 
D) increased tax rates from $T _ { 2 } \text { to } T _ { 3 } \text { and decreased tax revenues from } R _ { 3 } \text { to } R _ { 2 }$

Refer to the Graph T2 to T3 and increased tax revenues from R2 to R3. T _ { 2 } \text { to } T _ { 3 } \text { and increased tax revenues from } R _ { 2 } \text { to } R _ { 3 } \text {. }T2​ to T3​ and increased tax revenues from R2​ to R3​.

Refer to the Graph $T _ { 2 } \text { to } T _ { 3 } \text { and increased tax revenues from } R _ { 2 } \text { to } R _ { 3 } \text {. }$