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Housing Shortage
A situation where the supply of available houses is not sufficient to meet the demand for them in a particular area.
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, achieving market equilibrium.
Excise Tax
A tax levied on specific goods, services, or transactions, often included directly in the price of the product like gasoline, alcohol, and tobacco.
Gasoline
A liquid fuel derived from petroleum, used primarily in internal combustion engines.
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