Examlex
Explain whether species would be limited more by resources or interspecific interactions in tropical rainforests (low latitude) or taiga (high latitude).
Tax Rate
The per-unit amount of the tax or the percentage rate at which the economic activity is taxed.
Tax Burden
The aggregate sum of taxes that individuals or businesses remit, correlated to their earnings or profits.
Inelastic
Describes a situation where the demand or supply for a good or service is not significantly altered when the price changes.
Elastic
A characteristic of a product or service indicating that a change in price leads to a significant change in the quantity demanded or supplied.
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