Examlex
Apple's iBeacon uses which of the following technologies?
Benefits Received
A principle in public finance that taxes should be levied according to the benefits received by the taxpayer from government services.
Price Elasticity
A measure of how responsive the quantity demanded of a good is to a change in its price.
Demand Curve
The number of units of a product that people would be willing to purchase at different price levels.
Supply Curve
A graphical representation of the relationship between the price of a good or service and the quantity supplied for a given period.
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