According to Arthur Laffer,the Graph That Represents the Amount of Tax

question 60

Multiple Choice

According to Arthur Laffer,the graph that represents the amount of tax revenue (measured on the vertical axis) as a function of the size of the tax (measured on the horizontal axis) looks like

• A)a U.
• B)an upside-down U.
• C)a horizontal straight line.
• D)an upward-sloping line or curve.

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