Examlex
A) Analyze the argument passage below, addressing the following as appropriate: specify the issues addressed; identify premises and conclusions; classify as inductive or deductive; supply missing premises; separate arguments from window dressing; identify claims better left unstated. B) Diagram the argument.
The rules under which the IRS operates will change only if there are lots of complaints about IRS activities in the press, and there has not been that level of complaint the last year or two. Furthermore, the "internal culture" of the agency provides a powerful validation of its rules, and when that happens, you're not going to get rule changes. So I think it's safe to conclude that we won't be seeing any changes in the IRS rules in the near future.
Shortage/Surplus
A shortage occurs when demand exceeds supply for a product or service, whereas a surplus occurs when supply exceeds demand, leading to downward pressure on prices.
Demand Equation
A mathematical expression that relates the quantity of a good that consumers are willing to buy to the good's price and other variables such as income and the price of related goods.
Price Floor
A government-imposed minimum price set above the equilibrium price, preventing market prices from falling below it.
Shortage/Surplus
Conditions where the quantity demanded is greater than the quantity supplied (shortage) or the quantity supplied is greater than the quantity demanded (surplus) in a market.
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