Examlex
The upper boundary of life;the maximum number of years an individual can live.
Excise Tax
A tax levied on the production of a specific product or on the quantity of the product purchased.
Tax Revenues
The income that is gained by governments through taxation, an important source of revenue for government expenditures.
Inelastic Demand
A situation in which the demand for a product does not significantly change with a change in its price.
Price-Elastic
Refers to the degree to which the demand for a product changes in response to a change in its price.
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