Examlex
The micturition reflex forces urine into the upper part of the ________.
Elastic
A characteristic of a good or service that indicates its sensitivity to changes in price, with relatively large changes in quantity demanded or supplied in response to price changes.
Inelastic
Inelastic describes a situation where the demand or supply for a good or service is not significantly changed by variations in price.
Consumer Surplus
The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they do pay.
Tax
A mandatory monetary contribution or different sort of tax levied on a taxpayer by a government entity to finance government expenditure and assorted public costs.
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