Refer to the information provided in Figure 32.1 below to answer the question(s) that follow. Figure 32.1
-Refer to Figure 32.1. The tax rate that will maximize tax revenue is associated with point
A) A.
B) B.
C) C.
D) D.

Question

Refer to the information provided in Figure 32.1 below to answer the question(s) that follow.  Figure 32.1
-Refer to Figure 32.1. The tax rate that will maximize tax revenue is associated with point
A) A. 
B) B. 
C) C. 
D) D.

Quizplus · Accepted Answer

Point B on the Laffer Curve represents the tax rate at which tax revenue is maximized.

Refer to the Information Provided in Figure 32