A Recent Government Proposal to Increase Marginal Tax Rates on the Wealthiest

A recent government proposal to increase marginal tax rates on the wealthiest 2 percent of Canadians is supposed to generate an additional $100 million in tax revenues.It is likely that

A) the actual revenue raised will exceed the $100 million as the other 98 percent of the population will increase their work effort with a more fair tax system.
B) the actual revenue raised will be more than $100 million because the short-run aggregate supply curve is upward sloping.
C) the actual revenue raised will be less than $100 million because some of the people will respond by working less and making less income that can be taxed.
D) the actual revenue raised will be close to $100 million because the wealthy don't respond to work incentives the way poorer workers do.