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What happens to the equilibrium level of income when there's an increase in taxes?a)It increasesb)It remains unchangedc)It decreasesd)It fluctuates randomlyCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What happens to the equilibrium level of income when there's an increase in taxes?a)It increasesb)It remains unchangedc)It decreasesd)It fluctuates randomlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What happens to the equilibrium level of income when there's an increase in taxes?a)It increasesb)It remains unchangedc)It decreasesd)It fluctuates randomlyCorrect answer is option 'C'. Can you explain this answer?.

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