Examlex
When all the precipitation in a small valley feeds a particular stream,the valley is referred to as ____.
Demand and Supply
The fundamental concepts of economics that demonstrate how the quantity of goods or services demanded by consumers relates to the quantity supplied by producers at various prices.
Inelastic
Describing a situation where the demand or supply for a product does not significantly change in response to price changes.
Excise Tax
Excise tax is a tax on the sale or use of specific products or transactions, often levied to discourage certain behaviors or raise revenue.
Shifted
The movement of a supply or demand curve in a market due to changes in factors such as consumer preferences, production costs, or number of suppliers.
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