A 10 percent tax is going to be applied to a $100,000 tax base. What can be said about the revenue collected assuming dynamic tax analysis?
A. The total revenue will be zero.
B. The total revenue will be between $0 and $10,000.
C. The total revenue will be $10,000.
D. There is not enough information to determine what revenues will equal.
Answer: B
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a. increasing at a constant rate b. increasing at an increasing rate c. increasing at a decreasing rate d. decreasing at an increasing rate e. decreasing at a decreasing rate
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