Examlex
Which one of the following statements about sand dunes is correct?
Market Prices
Prices determined by the supply and demand for goods and services in a competitive market.
Excise Tax
A tax directly levied on certain goods, services, or activities, often with the aim of discouraging their use or consumption.
Relative Burden
The comparative impact of a tax, cost, or other financial obligation on an individual or group.
Inelastic Demand
Inelastic demand is a situation where the demand for a product does not significantly change with a change in the product's price.
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