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Air density increases as altitude increases.
Supply Curve
A graphical representation depicting the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing to offer for sale at that price.
Tax on Each Unit
A fixed amount of tax that is applied to each unit of a certain good or service that is sold.
Total Tax Collection
The cumulative sum of taxes collected by a government from individuals and businesses within a specific timeframe.
Excise Tax
A tax charged on specific goods and services, such as gasoline, cigarettes, and alcohol, typically imposed at the manufacturing or production level.
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