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Thea is taking a social psychology class and is asked to come up with a hypothesis. She watches various groups of people throughout the day and takes some notes about what she sees. At the end of the day, she notices that many people who are dating seem to be similar to each other, which reminds her of the phrase 'birds of a feather flock together'. She starts to think that this single phrase can explain much of what she observed throughout the day. What may be influencing her reasoning here?
Tax Burden
The measure of the impact of taxation on an individual's or entity's income, assets, or purchasing power.
Elastic
Describes a situation in economics where the supply or demand for a good or service is sensitive to changes in price. In other words, a small change in price results in a larger change in quantity demanded or supplied.
Tax Burden
The measure of the total amount of taxes that an individual or business must pay, relative to their income or profit.
Yachts
Luxury vessels used for personal or recreational purposes, often considered a symbol of wealth and luxury.
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