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Surprisingly, in light of the enthusiasm with which the concept of intervention has been embraced,
Supply Curves
Graphical representations showing the relationship between the price of a good and the quantity of that good that suppliers are willing to provide.
Tax Revenue
The earnings obtained by governments from tax collection.
Consumer Surplus
The contrast between what consumers intend to pay for an item or service and the real cost they bear.
Producer Surplus
The gap between the price producers are prepared to take for a product and the price they end up getting.
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