Examlex
Using the examples of Tehran and Los Angeles, discuss the special problems that vehicles create for urban outdoor air pollution.
Future Price
The anticipated cost or value of a good, security, or commodity at a specified future date, often used in the context of futures trading.
Downsloping Demand
This term illustrates a standard economic theory where the demand curve slopes downward, indicating that as the price decreases, the quantity demanded increases.
Upsloping Supply
Refers to a supply curve that slopes upwards, indicating that higher prices lead to a higher quantity supplied.
Excise Tax
A tax levied on specific goods or services, such as alcohol or gasoline, usually to discourage their consumption or to raise revenue for public purposes.
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