Examlex
Real variables can only be affected by:
Excess Burden
The cost to society created by market inefficiency, often associated with government interventions like taxes or subsidies, which distort market allocations of resources.
Tax Imposed
A financial charge or other levy placed upon an individual or legal entity by a state or the functional equivalent of a state.
Demand Equation
A mathematical expression showing the relationship between the quantity demanded of a good or service and its price, along with other factors like consumer income and the prices of related goods.
Organizational Members
Individuals who belong to, and play roles within, a structured entity or an organization.
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