Examlex
Solve the system of linear equations using matrices.
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Supply
The total amount of a product or service that is available to consumers.
Elastic
Describes a situation where the demand for a good or service significantly changes in response to a change in price.
Optimal Tax
A taxation principle aiming to maximize economic efficiency without imposing undue burdens or distortions.
Deadweight Loss
Economic efficiency loss occurring when free market equilibrium is not achieved for a good or service.
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