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WAEC Economics 2023 Objective — Question 41

Question 41 of 50 from the West African Examinations Council (WAEC) Economics 2023 Objective paper, with the correct answer and a full explanation.

The curve labelled W shows the

Diagram for question 41

A. proportional tax
B. progressive taxCorrect
C. specific tax
D. regressive tax

Explanation

Curve W is progressive because the higher the income, the higher the tax.

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