The correct answer is D.
The Laffer Curve represents the relationship between the tax rate and the total tax revenues collected by the economic authorities. It illustrates the incidence of the taxable income elasticity, the sensitiveness of the income earned by the economic agents on which the tax is applied, to variations in the tax rate.
<em>A laffer curve is represented in the graph attached.</em> Tax collection is 0 for 0% and 100% rates. Between these two values, the function will have an increasing section, a maximum and a decreasing section. Its maximum consitutes the tax rate that maximizes the total tax collection.
Unlike balanced forces, unbalanced forces always cause a change in motion. They are not equal and opposite. When two unbalanced forces are exerted in opposite directions, their combined force is equal to the difference between the two forces and is exerted in the direction of the larger force.
Ocean currents generally flow clockwise in the Northern Hemisphere.
T will be almost impossible to imprison anyone he has accused.
The British government will stand in his way and stop him from prosecuting.
Charges will be filed against any attendees eventually, but it will take some time.
A grand jury will quickly gather to charge anyone accused of attending a meeting.
If demand is high and supply is low, the merchant should wait until more of the item is available. If you have any questions please ask!
