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Economics
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Economics
If the marginal rate of tax is 40% and consumers income increase from Rs10,000 to Rs12,000 ?
A
The amount of tax paid will increase by Rs4,800
Option A
B
The amount of tax paid will increase by Rs4,000
Option B
C
The amount of tax paid will increase by Rs 800
Option C
The total tax paid will be Rs4,800
Correct answer
Correct answer: D
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