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When taxes are imposed on a commodity,
Normal Good
A good for which demand increases as consumer income rises, holding all other factors constant.
Consumer Tastes
Preferences and inclinations of consumers that influence their purchasing behavior and choice of products.
Substitutes
Products or services that can replace each other in usage, providing consumers with choices.
Health Clubs
Facilities that offer a variety of exercise equipment, classes, and services to individuals looking to improve or maintain their physical fitness.
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