The graph below shows the Laffer Curve. Using the point drawing tool, identify a tax rateltax revenue combination such that tax rates can be reduced without reducing tax revenues. Label your new point T, Carefully follow the instructions above, and only draw the required object. Tax Rate Tax Revenues
The graph below shows the Laffer Curve. Using the point drawing tool, identify a tax rateltax revenue combination such that tax rates can be reduced without reducing tax revenues. Label your new point T, Carefully follow the instructions above, and only draw the required object. Tax Rate Tax Revenues
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 19E
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Question
![The graph below shows the Laffer Curve,
Using the point drawing tool, identify a tax rate/tax revenue combination such
that tax rates can be reduced without reducing tax revenues. Label your new
point 'T,'
Carefully follow the instructions above, and only draw the required object.
Tax Rate
Tax Revenues](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1908dd21-cc72-4760-9c90-35855c870384%2F50b1ef1e-8370-4fea-9431-95f98dc6cef4%2Fbwtgspj_processed.png&w=3840&q=75)
Transcribed Image Text:The graph below shows the Laffer Curve,
Using the point drawing tool, identify a tax rate/tax revenue combination such
that tax rates can be reduced without reducing tax revenues. Label your new
point 'T,'
Carefully follow the instructions above, and only draw the required object.
Tax Rate
Tax Revenues
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