Answer the Question on the Basis of the Following Data

question 62

Multiple Choice

Answer the question on the basis of the following data: $$\begin{array} { c c } \text { Taxable Income } & \text { Total Tax } \\\hline\$ 1,000 & \$ 0 \\2,000 & 100 \\3,000 & 300 \\4,000 & 600 \\5,000 & 1,000 \\6,000 & 1,500\end{array}$$ The tax represented is:

• A) optimal.
• B) proportional.
• C) regressive.
• D) progressive.

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Definitions:

Classified Ads

Short advertisements placed in a bulletin, newspaper, or online platform, categorized by the type of product, service, or job offered.

Market

A market is a place or mechanism where buyers and sellers interact to trade goods, services, or financial instruments.

Monopolists

Entities or individuals that have exclusive control over the supply of a particular good or service, giving them significant power over the market.

Demand Curves

Graphical representations showing the relationship between the price of an item and the quantity demanded by consumers.