If the tax function is given by T = – 20 + 0.1Y the average tax rate
If the tax function is given by T = – 20 + 0.1Y the average tax rate would
a. be 0.1.
b. fall as income falls.
c. vary negatively with income.
d. be – 20 + 0.1.
e. none of the above
ANSWER
B
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