Examlex
The drug "Ecstasy" acts as both a(n) ________.
State And Local Taxes
Taxes imposed by individual states and local governments in the U.S. on income, property, sales, and other activities to fund public services.
Predominantly Regressive
Describing a situation or policy where the burden disproportionately affects those with lower incomes, making it effectively regressive in impact.
Inelastic Demand
A scenario in which the need for a product remains largely unaffected despite variations in its price.
Excise Tax
A tax levied on specific goods, services, and activities, such as tobacco, alcohol, and gambling, often used to discourage their use and generate government revenue.
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