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According to the Laffer Curve a) lower tax rates always lead to higher tax revenue. b) higher tax rates always lead to more tax revenue.
According to the Laffer Curve
a)
lower tax rates always lead to higher tax revenue.
b)
higher tax rates always lead to more tax revenue.
c)
higher tax rates always lead to less tax revenue.
d)
there may exist two tax rates that deliver the same level of tax revenue.
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