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Figure S-23. The figure represents the relationship between the size of a tax and the tax revenue raised by that tax. Tax Revenue Tax Size
Figure S-23. The figure represents the relationship between the size of a tax and the tax revenue raised by that tax. Tax Revenue Tax Size Refer to Figure 8-23. If the economy is at point A on the curve, then a decrease in the tax rate will O A. increase the deadweight loss of the tax and increase tax revenue. O B. increase the deadweight loss of the tax and decrease tax revenue. O C. decrease the deadweight loss of the tax and increase tax revenue. O D. decrease the deadweight loss of the tax and decrease tax revenue
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