Examlex
Consider the following code from our class Time: @property
Def hour(self) :
"""Return the hour."""
Return self._hour
@hour.setter
Def hour(self, hour) :
"""Set the hour."""
If not (0 <= hour < 24) :
Raise ValueError(f'Hour ({hour}) must be 0-23')
Self._hour = hour
Laffer Curve
A theoretical representation of the relationship between government revenue raised by taxation and all possible rates of taxation, suggesting that higher tax rates beyond a certain point actually decrease total revenue.
Elasticities
Measures of how much the quantity demanded or supplied of a good responds to changes in price, income, or other factors.
Demand
The total quantity of goods or services that consumers are willing and able to purchase at a given price level in a market.
Supply
The total amount of a specific good or service that is available to consumers in a market at a given time and price.
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