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When interviewing a hostile witness, you should remember to:
Sales Tax
A tax imposed by a government on sales of goods and services, typically calculated as a percentage of the purchase price.
Burden
In an economic context, this refers to the impact of a tax or other financial obligation on the parties involved, often measured in terms of how it affects their wealth or consumption.
Demand Function
A mathematical representation showing the relationship between the quantity demanded of a good and its price, along with other factors like income and prices of related goods.
Supply Function
A mathematical representation that shows the relationship between the quantity of a good supplied and its price.
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