Examlex
Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Montesquieu
Demand Decreases
A decrease in the quantity of a product or service that consumers are willing and able to purchase at given prices.
Tax on Buyers
A fiscal charge imposed directly on purchasers, which shifts the demand curve downward, reflecting a decrease in the net price received by sellers.
Tax Burden
The measurement of taxes that a person or business must pay, often expressed as a percentage of income or profit.
Buyer Pays
Refers to the economic principle that the buyer is responsible for paying the price of a good or service, including any taxes or fees associated with the purchase.
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