Essay
What is the major product of the following reaction? 
Compare the effects of different tax structures (progressive, regressive, proportional) on income distribution.
Comprehend the impact of tax policies on economic behavior, including tax incidence and tax shifting.
Analyze the effects of specific taxes, such as luxury taxes and payroll taxes, on market behavior and economic equilibrium.
Evaluate the burden of tax shifting and tax incidence in various economic scenarios.
Definitions:
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