Examlex
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Pretax Equilibrium
The market condition where supply and demand balance before any taxes are applied.
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare, including which group - consumers or producers - ultimately bears the cost of the tax.
Suppliers
Suppliers are individuals or companies that provide goods or services to other entities, often playing a key role in the supply chain.
Excise Tax
A tax levied on the sale of particular goods or services, such as alcohol and tobacco, usually with the intent of reducing their consumption through higher prices.
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