Examlex
What is another term used to describe a body of decisions from court cases that has developed over time?
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.
Corporate Income Tax
A tax imposed on the net income of a corporation that is derived from its business activities.
Shift
A change in the position of the supply curve or demand curve in a market, indicating a change in market conditions.
Efficiency Loss
The loss of economic efficiency in a market, which can occur due to various reasons, such as taxes, subsidies, or monopolies.
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