Refer to the information provided in Figure 32.1 below to answer the question(s) that follow. 
Figure 32.1
-Refer to Figure 32.1. If the economy is at a point such as C on the Laffer curve, a(n) ________ in tax rates will ________ tax revenue.
Definitions:
Liquidity Betas
A measure of how sensitive an asset's price is to changes in market liquidity, often used in financial modeling to assess the impact of liquidity risk.
Priced Factor
An element affecting the pricing of securities that is reflected in market prices due to its influence on asset returns.
Market Illiquidity
A situation in which an asset cannot be easily sold or exchanged for cash without a substantial loss in value.
Book-to-market Ratio
A valuation metric comparing the book value of a company to its market price.
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