Examlex
Which of the following is not true of gorillas?
Supply Function
A mathematical function that illustrates the quantity of a good that producers are willing and able to sell at different price levels.
Demand Function
A mathematical expression showing the relationship between the quantity demanded of a good and its price, along with other determinants of demand like income.
Quantity Tax
A tax levied on the quantity of goods sold, not on the value of sales.
Supply Schedule
A table or graph showing the quantity of a good that producers are willing and able to supply at different prices.
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