Question

Based on the unlabelled Laffer curve below, which of the following is true?

laffer

Question 3 options:

At point J an increase in the tax rate will lead to a decrease in the tax base.

At point K a decrease in the tax rate will lead to a decrease in tax revenues.

At point J a decrease in the tax rate will lead to an increase in tax revenues.

both B and C

all of the ab

Answer 1

All of the above and b and a