Examlex
Select the term that is spelled correctly.
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Elasticity of Supply
A measure of how much the quantity supplied of a good changes in response to a change in the price of that good.
Price Elasticity
The degree to which the demand for a good is responsive to changes in its price.
Tax Passed
Occurs when the burden of a tax is shifted from the entity legally responsible for it to another party, such as consumers.
Import Quota
A regulatory measure that sets a physical limit on the quantity of goods that can be imported into a country over a specified period of time.
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Q161: Voice box: _