Examlex
Which of the following would shift the production possibilities frontier?
Demand
The quantity of a good or service that consumers are willing and able to purchase at different prices during a specific time period.
Perfectly Inelastic
Describes a situation where the quantity demanded or supplied does not change in response to a change in price.
Price Elasticity
A tool for measuring how changes in price impact the demand for a particular item.
Excise Tax
Excise Tax is a specific tax levied on particular goods, services, or transactions, often included in the price of products like gasoline, tobacco, and alcohol.
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