Which of the following scenarios is not consistent with the laffer curve?
Which of the following scenarios is inconsistent with the Laffer Curve?
a. The tax rate is very low, and tax revenue is correspondingly low.
b. The tax rate is very high, and tax revenue is also very low.
c. The tax rate is very high, and tax revenue is significantly high.
d. The tax rate is moderate (between very high and very low), and tax revenue is relatively high.
4 Answers
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