Examlex
Match each definition to the corresponding term.
-Permissive
Inverse Demand Function
A mathematical representation showing how the quantity demanded of a good or service changes as its price changes, holding everything else constant.
Unit Tax
A tax that is imposed on a product based on a fixed amount per unit, rather than a percentage of the price.
Output
The cumulative quantity of products or services generated by a business, sector, or economic system over a given timeframe.
Profit
The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain it.
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