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Which of the following is false about a Laffercurve? A. It is upward sloping if substitution effect is greater than income effect B. It is
Which of the following is false about a Laffercurve?
A.
It is upward sloping if substitution effect is greater than income effect
B.
It is upward sloping if income effect is greater substitution effect
C.
It illustrates the relationship between tax revenue and income tax rates
D.
Itsbell-shape is due to income effect and substitution effect
E.
None of above
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