Supply-Side TheoryTax Rate (%)Tax Revenue ...

[majortom123]

Question 1

Supply-Side Theory

Tax Rate (%)	Tax Revenue ($)
0	​

25​

500​

35​

1500​

50​

​

70​

1100​

80​

500​

100

​

The table contains data for a typical Laffer curve. At a tax rate of 50%, the tax revenue will definitely be ________.
◦ greater than $1100
◦ greater than $1500
◦ $1300
◦ between $1500and $1100

Question 2

Supply-Side Theory

Tax Rate (%)	Tax Revenue ($)
0	​

25​

1000​

35​

1700​

60​

1300​

70​

​

85​

1000​

100

​

The table contains data for a typical Laffer curve. At a tax rate of 70%, the tax revenue will definitely be ________.
◦ $1150
◦ between 1000 and 1300
◦ less than $1000
◦ greater than $1300

[lhn821]

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[majortom123]

Thanks for the timely response, appreciate it

[mjenn52]

Great answer, keep it coming