Examlex
Academic positions in anthropology are likely to continue to increase well into the future.
Tax Rate
The share of an individual's or corporation's income that is subject to taxation.
Deadweight Loss
A loss in total economic welfare that occurs when the free market equilibrium for a good or a service is not achieved, typically due to taxes, subsidies, or market controls.
Elastic Supply
The condition where the quantity supplied of a good or service changes significantly in response to a change in price.
Elastic Demand
A situation where the demand for a product is sensitive to price changes.
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