Examlex
Solve the absolute value inequality. Write the solution in interval notation.
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Excess Burden
The amount by which the burden of a tax exceeds the total revenue collected. Also called deadweight loss.
Tax Revenue
The revenue collected by governments from taxes.
Tax
A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.
Excess Burden
The cost to society created by market inefficiency, particularly through taxation or other government policies, beyond the immediate financial effects.
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