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As Long as There Is Some Substitution Effect in Response

question 47

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As long as there is some substitution effect in response to a change in the relative price of a good,there will be an excess burden from a tax.


Definitions:

Regulation of Body Temperature

The physiological process that maintains the body temperature within a certain range, despite environmental changes.

Endotherms

Organisms that regulate their body temperature internally through metabolic processes.

Causes Deviation

Factors that lead to differences or changes in a standard pattern or path.

Glial Cells

Non-neuronal cells in the central and peripheral nervous system that provide support and protection for neurons.

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