Examlex
When a respondent is asked: "How often do you travel on business in a six-month period?" and is asked to indicate her answer by circling one of the following: never, rarely, sometimes, often, very often, this is an example of a _____ scale.
Perfectly Inelastic
A market condition where demand or supply does not change in response to price changes, represented by a vertical line on a graph.
Tax
A financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.
Tax Revenue
Money collected by governments through the imposition of taxes.
Widgets
A generic term often used to refer to any product, especially a hypothetical one used for economic or teaching purposes.
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