Examlex
Nike's "swoosh" is an example of a
Tax Revenue
The income that is gained by governments through taxation, critical for funding public services and infrastructure.
Elastic Demand
A situation where the demand for a product is sensitive to price changes, often resulting in significant changes in demand when prices fluctuate.
Inelastic Supply
An instance in which a good's supplied amount remains largely unaffected by variations in its price.
Price Elastic
The responsiveness of the quantity demanded or supplied of a good to a change in its price.
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