Please give me correct and incorrect explanationNote:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. 21) A tax is regressive if it takes aA) larger number of dollars as income falls.B) smaller fraction of dollars as income falls.C) larger number of dollars as income rises.D) smaller fraction of dollars as income rises.MM20

A tax is a mandatory payment to the government. The tax amount used by the government for public…

21) A tax is regressive if it takes a A) larger number of dollars as income falls. B) smaller fraction of dollars as income falls. C) larger number of dollars as income rises. D) smaller fraction of dollars as income rises.

21) A tax is regressive if it takes a A) larger number of dollars as income falls. B) smaller fraction of dollars as income falls. C) larger number of dollars as income rises. D) smaller fraction of dollars as income rises.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter30: Government Budgets And Fiscal Policy

Section: Chapter Questions

Problem 39CTQ: Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive....

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Please give me correct and incorrect explanation

Note:-

Do not provide handwritten solution. Maintain accuracy and quality in your answer.

Take care of plagiarism.

Answer completely.

You will get up vote for sure.

21) A tax is regressive if it takes a
A) larger number of dollars as income falls.
B) smaller fraction of dollars as income falls.
C) larger number of dollars as income rises.
D) smaller fraction of dollars as income rises.
MM
20

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