When considering different tax levels,the revenue-maximizing point will be reached more:
A) quickly the more elastic is demand.
B) slowly the more elastic is demand.
C) quickly the less elastic is demand.
D) None of these statements is necessarily true.
Correct Answer:
Verified
Q65: When tax rates fall,people tend to:
A)hardly increase
Q66: It is more likely at lower tax
Q66: The Laffer curve demonstrates that raising tax
Q67: When taxes are _,tax revenues may _.
A)increased;increase
B)decreased;decrease
C)increased;decrease
D)All
Q69: If the price effect outweighs the quantity
Q71: The concept of incidence is used to:
A)describe
Q72: In general,raising taxes:
A)has diminishing returns to revenue.
B)has
Q73: The question of how people's behavior changes
Q74: Research shows that people rearrange their income
Q77: The _ tells us when the government
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents