Examlex
What is the price surprise?
Units Sold
The number of individual items or products that have been sold over a specific period.
Elasticity
A measure of how much the quantity demanded or supplied of a good or service changes in response to price or other factors.
Tax Burden
Refers to the economic impact of taxes on an individual, corporation, or market, often measured as a percentage of income or GDP.
Price Elastic
A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.
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