Fill in the Blank with One of the Words or Phrases

question 308

Multiple Choice

Fill in the blank with one of the words or phrases listed below. $$\begin{array} { l l l l l } \text { set } & \text { inequality symbols } & \text { opposites } & \text { absolute value } & \text { numerator } \\\text { denominator } & \text { grouping symbols } & \text { exponent } & \text { base } & \text { reciprocals } \\\text { variable } & \text { equation } & \text { solution } & &\end{array}$$
-A of an equation is a value for the variable that makes the equation a true statement.

• A) base
• B) set
• C) solution
• D) variable

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Definitions:

Excise Taxes

Taxes imposed on specific goods or services, such as tobacco or alcohol, typically aimed at reducing consumption of these goods or raising revenue.

Inelastic Demand

Inelastic demand refers to a market condition where the quantity demanded of a good or service changes very little in response to price changes.

Excise Tax

A tax on the production, sale, or consumption of a particular good or service within a country.

Efficiency

The optimal use of resources to achieve the best possible outcome or output with the least waste of time and effort.