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Which of the following is NOT true regarding the normal distribution?
Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in its price, income levels, or other factors.
Deadweight Loss
The loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.
Taxes on Labor
Financial charges imposed by governments on workers' income, salaries, and wages.
Elderly
Individuals who are significantly beyond the usual age for retirement, often implying an age at which they receive certain societal or economic benefits like pensions.
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