Examlex
If there is an excess supply of money,there is an excess
Demand
It represents the quantity of a good or service that consumers are willing and able to purchase at various prices.
Supply
The total amount of a product or service that is available to consumers.
Elastic
Describes a situation where the demand for a good or service significantly changes in response to a change in price.
Optimal Tax
A taxation principle aiming to maximize economic efficiency without imposing undue burdens or distortions.
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