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Elasticities
Measurements of how changing one economic variable affects others, such as how quantity demanded will change as a result of price changes.
Subsidy Benefit
Government-provided support to aid businesses, individuals, or sectors of the economy through financial help.
Elasticities
Measures in economics that demonstrate how the quantity demanded or supplied of a good responds to changes in price or other factors.
Tax
A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.
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