Examlex
A table of laws lists all the cases, statutes, rules, and other legal references included in a legal document, along with the page on which each reference appears.
Perfectly Inelastic
Describes a situation in which the quantity demanded of a good does not change regardless of changes in its price.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is unachievable.
Tax
A required financial fee or another kind of duty enforced on a taxpayer by government authorities, designed to raise funds for government outlays and a range of public expenses.
Price-Elastic Supply
A situation where the quantity supplied of a good changes significantly as a result of changes in its price.
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