The laffer curve indicates

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The Laffer Curve indicates that Select one: a. the deadweight losses resulting from taxation are small at the tax rate that maximizes the revenues derived by the government. b. when tax rates are low, an increase in tax rates will generally lead to a reduction in tax revenues. c. when tax rates are high, a rate reduction may lead to an increase in tax revenue. d. an increase in tax rates will always lead to an increase in tax revenues.

Reference no: EM131162157

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