Examlex
Supply Shift
A change in the availability of a product or service, often influenced by factors such as production costs and technological advances, shifting the supply curve.
Excise Tax
A type of tax imposed on specific goods, services, or activities, often included in the price of products like gasoline, alcohol, and tobacco.
Tax Borne
The final economic burden of a tax, indicating who ultimately bears the cost of taxation.
Wage Tax
A tax imposed on employees' earnings, typically deducted from their paychecks by the employer and paid to the government.
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