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Which of the following statements about the lead-acid battery is incorrect?
Pb + PbO2 + 4H+ + SO42 − → 2PbSO4 + 2H2O
Taxes
Obligatory charges imposed by authorities on the earnings of employees and the profits of businesses, or applied to the price of various commodities, services, and financial activities.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total benefits to society.
Deadweight Loss
A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved, often due to market failure, taxes, or subsidies.
Tax Revenue
The income that is obtained by governments through taxation, which is then used to fund public services and government operations.
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