Examlex
The Three-Fifths Compromise did all of the following EXCEPT
Elastic Supply
A situation where the quantity of a good supplied by producers changes significantly in response to a small change in price.
Tax Burden
The measure of taxes paid as a proportion of income or the overall economic impact of taxes on an individual or business.
Own Price Elasticity
A measure of the responsiveness of the quantity demanded of a good to a change in its own price.
Specific Tax
A tax that is levied as a fixed amount per unit of a good or service, rather than as a percentage of the price.
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