Examlex
Which of the following is NOT a domain in the three- domain system?
Elastic
Describes a situation in which a change in price leads to a significant change in the quantity demanded or supplied of a good or service.
Supply
The total amount of a good or service that is available to consumers at a given price level and time.
Demand
The desire and ability of consumers to purchase a good or service at a given price.
Tax
A required financial contribution or alternative type of tax placed on a taxpayer by a state authority to cover government outlays and assorted public spending.
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