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Graph 6-8
-According to Graph 6-8, the price buyers will pay after the tax is imposed is:
Liability
A legal responsibility or obligation, which can be civil or financial in nature.
Reasonable-Person Standard
A legal criterion used to determine how an average person with ordinary prudence would act in certain situations.
Objective
A goal or target that is intended to be achieved.
Business Invitees
Individuals who enter a property for a purpose directly connected with the business interests of the property owner.
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