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Unconsummated Transaction
A deal or negotiation that has been discussed or agreed upon in principle but has not been finalized or completed.
Sales Tax
a tax imposed on sales of goods and services, typically calculated as a percentage of the purchase price.
Buyer Surplus
The difference between the maximum amount a consumer is willing to pay for a good or service and the actual amount paid.
Seller Surplus
The difference between the amount sellers are actually paid for a good or service and the minimum amount they would be willing to accept, reflecting gains from trade.
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