Examlex
When using biofeedback equipment to monitor a person's stress level:
Luxury Tax
A tax imposed on expensive goods which are considered non-essential, aimed at discouraging their purchase or generating government revenue from luxury items.
Elastic Demand
A condition in which the quantity demanded of a good or service greatly changes in response to changes in its price.
Inelastic Supply
A situation where the quantity of a good supplied by producers is relatively insensitive to changes in its price.
Tax Burden
The total amount of taxes that individuals or businesses are required to pay to government entities, often expressed as a percentage of income or profit.
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