Examlex
Which is/are true?
Demand Function
A mathematical equation representing the relationship between the quantity demanded of a good and factors affecting its demand, such as price.
Inverse Demand
A representation of demand that expresses price as a function of quantity demanded, contrary to the typical demand function.
Inverse Supply
A concept in economics that describes a situation in which the supply of a good decreases as its price decreases, opposite to the normal supply behavior.
Tax
Mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
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