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Relative Burden
A measure of the comparative impact or weight of a specific demand, typically financial, on different entities or groups.
Elastic Supply
Refers to a situation where the quantity of a good supplied by producers changes significantly in response to a change in price.
Elasticities
A measure in economics that shows how much the quantity demanded or supplied of a good responds to changes in price, income, or other factors.
Tax Burden
The measure of taxes that an individual or business must bear, often expressed as a percentage of income or profit.
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