Examlex
Simplify the complex fraction.
Excise Tax
A tax imposed on specific goods, services, or transactions, often aimed at discouraging their use or raising government revenue.
Consumers
Individuals or entities that purchase goods or services for personal use and not for manufacture or resale.
Producers
Entities or individuals involved in the creation of goods or services for the market.
Deadweight Loss
The loss of economic efficiency when the equilibrium outcome is not achievable or not achieved.
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