Examlex
Find the quantity if v = 5i - 7j and w = 3i + 2j.
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Deadweight Loss
The reduction in economic efficiency that happens when equilibrium is not reached or is unattainable for a specific good or service.
Import Tariff
A tax imposed by a government on goods and services imported into its country to protect domestic industries from foreign competition.
Supply and Demand
Economic model of price determination in a market, showing the relationship between the quantity of goods that producers wish to sell at various prices and the quantity consumers wish to buy.
Specific Tax
A fixed amount taxed per unit of a good or service, as opposed to a percentage of the price.
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