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I don't understand correlaon between Laer's curve and demand funcon. Can you explain me
that?
Answer:
First we explain about the two de"nion of Laers curve and demand funcon.
Laers funcon: It is a representaon of the relaonship between rates of taxaon and level of
government revenue.
Demand funcon: A behavioural relaonship between quanty consumed and a person’s maximum
willing to pay for incremental increase in quanty. I t is usually an inverse relaonship where at
higher price, less quanty consumed.

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I don't understand correlation between Laffer's curve and demand function. Can you explain me that?Answer: First we explain about the two definition of Laffer's curve and demand function.Laffer's function: It is a representation of the relationship between rates of taxation and level of governmen ...
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