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Which of the following scenarios is consistent with the Laffer curve?
a. An increase in the tax rate always increases tax revenue .
b. The tax rate is 1 percent, and tax revenue is very high.
c. The tax rate is 99 percent, and tax revenue is very high.
d. A decrease in the tax rate always increases tax revenue .
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Which of the following scenarios is consistent with the Laffer curve?
a. An increase in the tax rat...
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