Examlex
Exhibit 18-1 Exhibit 18-1 shows five different Lorenz curves.Curve c chows the most equal distribution of income.
Tax Increase
A rise in governmental levies on income, property, sales, or transactions, designed to raise additional revenue for public spending.
Supply
The total amount of a specific good or service that is available to consumers in a given market at a given time.
Tax
A financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.
Elastic
Describes a situation in economics where the demand or supply of a good or service significantly changes in response to a change in price.
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