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What is the final step in the product development process?
Supply Curve
A graphical representation showing the relationship between the price of a good or service and the amount of the good or service that suppliers are willing and able to provide at various prices.
Tax Burden
The total amount of taxes paid by individuals or businesses, expressed as a share of their income or in absolute terms.
Excise Tax
A tax imposed on specific goods, services, or transactions, often included in the price of the product, like gasoline or alcohol.
Tax Amount
The total sum of money required by a government from individuals or businesses as a form of revenue.
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