Use the Table Below to Answer the Following Questions

question 4

Multiple Choice

Use the table below to answer the following questions.
Table 19.4.1

-In Table 19.4.1, which tax plan is progressive?

• A)Plan A
• B)Plan B
• C)Plan C
• D)Plan D
• E)impossible to calculate without additional information

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Definitions:

Independent Goods

Products whose demand is not influenced by the price or availability of other goods.

Substitute Goods

Products or services that can be used in place of each other, serving similar needs or purposes for consumers.

Income Elasticity Coefficient

A measure that shows how much the demand for a good or service changes in response to a change in consumers' income.

Recessions

are characterized by a significant decline in economic activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale-retail trade.