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Find the Nth Term of the Geometric Sequence a1=4,r=3,n=5a _ { 1 } = 4 , r = - 3 , n = 5

question 26

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Find the nth term of the geometric sequence.
- a1=4,r=3,n=5a _ { 1 } = 4 , r = - 3 , n = 5


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Efficiency Loss

Reductions in combined consumer and producer surplus caused by an underallocation or overallocation of resources to the production of a good or service. Also called deadweight loss.

Perfectly Inelastic

A situation where the demand or supply for a good or service remains unchanged regardless of changes in its price.

Excise Tax

Is a tax applied on the sale or production for sale of specific goods within a country.

Incidence

Refers to how the burden of a tax is distributed between buyers and sellers in the market.

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