Economics (AS & A Level) · May / June 2022 · Paper 31 · Question 29
9708Effectiveness of policy options to meet all macroeconomic objectives
The diagram shows the relationship between tax revenue and the tax rate. What is the curve on the diagram called?
- Aincome elasticity curve
- BJ curve
- CLorenz curve
- DLaffer curve
As printed in the paper
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Correct answer: D. Laffer curve
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