Examlex
In the database query scenario, the web server generates the webpage contents before it sends the page to the client web browser.
Tax Revenues
The income that is gained by governments through taxation, an important source of revenue for government expenditures.
Inelastic Demand
A situation in which the demand for a product does not significantly change with a change in its price.
Price-Elastic
Refers to the degree to which the demand for a product changes in response to a change in its price.
Substitutes
Goods or services that can replace each other in usage, where an increase in price of one leads to an increase in demand for the other.
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