If a tax is regressive, the average tax rate

a. remains the same as income rises.
b. rises as income rises.
c. falls as income rises.
d. falls as income falls.

c

Economics

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Which of the following are equilibrium conditions in the simple Keynesian model?

a. Ir = I b. G = T c. S + T = I + G d. Y = C + I + G e. A, c, and d

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Refer to the above table. What is the market quantity demanded at a price of $8?

A) 5 B) 15 C) 35 D) 44

Economics