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Chris works at a local coffee shop on the weekends.After the manager leaves for the night,he and his fellow employees are required to clean the tables and floors before closing.Often Chris does not put forth a strong effort to make sure he does his part and instead relies on his co-workers to do most of the cleaning.Chris is engaging in which of the following?
Inelastic Supply
A situation where the supply of a good does not significantly change when its price changes, often due to limitations in production capabilities or time constraints.
Excise Tax
A tax imposed on specific goods or services, such as tobacco and alcohol, often intended to discourage their use or generate revenue.
Proportional
In economics, proportional refers to a relationship or distribution that remains the same in proportion or rate, such as a tax that takes the same percentage from all income earners.
Tax Rate
The percentage at which an individual or corporation is taxed by the government on income or profits.
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