Examlex
Which of the following is not a unit-level activity?
Excess Burden
The additional cost to society beyond taxes collected resulting from inefficiencies in market outcomes due to taxation or regulations.
Tax Revenue
Funds accumulated by governments as a result of taxation.
Inelastic
Describing demand that does not change significantly when the price of a good or service changes.
Excess Burden
The cost to society created by market inefficiency, particularly through the misallocation of resources or distortions in the market.
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