Examlex
What is creativity? List the steps in the creative process.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good which consumers are willing to purchase at different prices.
Deadweight Loss
A loss of economic efficiency that occurs when equilibrium for a good or service is not achieved or is not achievable.
Per-Unit Tax
A tax that is levied on a product based on a fixed amount per unit sold, not based on the value of the product.
Quantity Tax
A tax that is levied on a specific amount or quantity of a good or service, rather than on its value.
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