Examlex

Solved

Which of the Following Sequences of Words Would Be Most

question 190

Multiple Choice

Which of the following sequences of words would be most subject to a clustering effect?


Definitions:

Highly Elastic

Describes a market situation where demand or supply of a good or service is very sensitive to changes in price.

Excise Tax

A tax imposed on the sale of specific goods and services, such as fuel, tobacco, and alcohol.

Burden

The negative impact, stress, or obligation imposed by a situation, decision, or policy.

Efficiency Loss

The decrease in economic efficiency resulting from the inability to reach or achieve the equilibrium for a product or service.

Related Questions