Q
The tax on a commodity is diminished by 20% and its consumption increased by 15%. The effect on revenue is_________?
-
A
A. It increases by 8%
-
B
B. It decreases by 8%
-
C
C. No change in revenue
-
D
D. It increases by 10%
Correct Answer:
B. B. It decreases by 8%
