Examlex
-The figure above shows the demand for and supply of rental housing in Smallton. If a rent ceiling is set at $400, how many apartment units are rented?
Excise Tax
A tax applied to specific goods, services, or transactions, usually with the intent of discouraging their use or generating revenue.
Tax Per Unit
A specific tax levied on a product based on the number of units purchased, not the value of the purchase.
Efficiency Loss
The loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.
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