Provide an Example of a Deletion Anomaly, Update Anomaly, and an Insertion

question 26

Essay

Provide an example of a deletion anomaly, update anomaly, and an insertion anomaly.

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Definitions:

Average Tax Rate

The proportion of total income that is paid as tax, calculated by dividing the total amount of tax paid by the total income.

Personal Income

The total amount of income earned by individuals from all sources, including wages, dividends, and interest, before taxes.

Tax Incidence

The analysis of the effect of a particular tax on the distribution of economic welfare among stakeholders.

Elastic Demand

Elastic demand refers to a situation where the quantity demanded of a product or service significantly changes in response to changes in its price.