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Restriction enzymes
Tax Burden
The total amount of taxes imposed on an individual, company, or economic sector by the government, often expressed as a percentage of income or GDP.
Slightly Elastic
Refers to a situation where a small change in price leads to a relatively small change in the quantity demanded or supplied.
Very Inelastic
Describes a situation where demand or supply hardly changes in response to changes in price.
Tax
A required financial imposition or alternative type of duty enforced on a taxpayer by a governing body to support government funding and assorted public expenses.
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