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When you drive a car,you have two pedals (in an automatic transmission!) .One of them,the accelerator,makes the car move faster,and the other,the brake,slows the car down.In your peripheral nervous system,the __________ is like the accelerator and the __________ is the brake.
Excise Tax
A tax charged on specific goods and services, such as tobacco, alcohol, and gasoline.
Supply Curve
A graphical representation showing the relationship between the price of a good and the amount of it that producers are willing and able to sell at various prices.
Consumer Surplus
The difference in the total amount consumers are capable of paying for a good or service versus what they really pay.
Producer Surplus
The divergence between what producers expect to get for a good or service and the actual compensation they receive.
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