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A corporation is not liable for the contracts of its branch office.
Demand Equation
A formula that calculates the amount of a product consumers are willing to buy based on its price, income levels, and taste and preferences among other factors.
Supply Equation
A mathematical representation showing the relationship between the quantity of goods suppliers are willing to produce and various influencing factors like price and production costs.
Per-Unit Tax
A tax imposed on a product based on a fixed amount for each unit sold, affecting the supply curve by increasing the cost of production.
Units Sold
The number of individual items or products that have been sold over a specific period.
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