Examlex
Which of the following is an example of a determinant behavior? (Select all that apply.)
Elastic
Elastic, in economics, refers to a situation where the quantity demanded or supplied of a good or service significantly changes in response to changes in price.
Inelastic
A characteristic of a good or service whose demand doesn't significantly change when its price changes.
Tax Burden
the distribution of taxation on an individual or economic entity or the total amount of taxes paid by society as a whole.
Rent Controls
are government-imposed limits on the amount landlords can charge tenants for rent.
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