When the tax on a commodity is reduced by 10%, then its consumption is – McqOptions

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1.	When the tax on a commodity is reduced by 10%, then its consumption is increased by 12%. What is the effect on the revenue received from it?
A.	0.2% increase
B.	0.2% decrease
C.	0.8% decrease
D.	0.8% increase
Answer» E.

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