The Laffer curve illustrates that, in somecircumstances, the government can reduce a tax ona good and increase thea. price paid by consumers.b. equilibrium quantity.c. deadweight loss.d. government’s tax revenue.

Essentials of Economics (MindTap Course List)
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Chapter8: Application: The Cost Of Taxation
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The Laffer curve illustrates that, in some
circumstances, the government can reduce a tax on
a good and increase the
a. price paid by consumers.
b. equilibrium quantity.
c. deadweight loss.
d. government’s tax revenue.

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