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How did geography affect the transmission of culture and the development of states in sub-Saharan Africa?
Excise Tax
A specific tax levied on certain goods, services, or activities, often included in the price of things like gasoline, alcohol, and tobacco.
Equilibrium Output
The level of output at which the quantity of goods produced equals the quantity of goods demanded, with no excess supply or demand in the market.
Perfectly Inelastic
Describes a situation where the quantity demanded or supplied does not change despite changes in price.
Excise Tax
A tax imposed on the sale of specific goods and services, such as tobacco, alcohol, and gasoline.
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