A fiscal policy instrument that can influence the demand pattern in an economy is

Economics

JAMB 2013

A. government spending
B. interest rate
C. income tax
D. tariff

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Correct Answer: Option C

Explanation

An income tax is a tax that governments impose on income generated by businesses and individuals within their jurisdiction. The higher the rate of taxation, the higher the cost of product or service. This will affect the rate of demand.

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A fiscal policy instrument that can influence the demand pattern in an economy is

Correct Answer: Option C

Explanation

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