Economics (AS & A Level) · May / June 2022 · Paper 33 · 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
Show the answer
Correct answer: D. Laffer curve
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.