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How does a private virtual switch differ from an internal virtual switch?
Demand Function
A mathematical representation showing the quantity of a good that consumers are willing and able to purchase at various prices.
Subsidy
A financial contribution granted by the government to reduce the production costs and encourage the supply of certain goods or services.
Quantity Tax
A tax levied on a specific quantity of a good or service, as opposed to its value, affecting the supply and potentially the price.
Supply Schedule
A table that shows the relationship between the price of a good and the quantity supplied.
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