Refer to the Laffer Curve above. A cut in the tax rate from T₂ to T₁ would: A) Decrease tax revenues and support the views of supply-side economists B) Increase tax revenues and support the views of supply-side economists C) Increase tax revenues and support the views of mainstream economists D) Decrease tax revenues and support the views of mainstream economists

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The Answer of Refer to the Laffer Curve above. A cut in the tax rate from T₂ to T₁ would: A) Decrease tax revenues and support the views of supply-side economists B) Increase tax revenues and support the views of supply-side economists C) Increase tax revenues and support the views of mainstream economists D) Decrease tax revenues and support the views of mainstream economists

Refer to the Laffer Curve Above