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The Laffer curve illustrates the relationship between

1165Medium DSSSB TGT Computer Science 0 replies

The Laffer curve illustrates the relationship between

  • Atax rates and tax revenue
  • Binflation and unemployment
  • Cincome and consumption
  • Dprice and quantity demanded
Correct answer: A

Explanation

The Laffer curve shows that tax revenue first rises with the tax rate and then falls beyond an optimal rate.
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