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Discuss the conflict between Jiang Jieshi and Mao Zedong.
Elastic Supply
The situation where the quantiry supplied of a good is sensitive to changes in its price.
Subsidy Benefit
Financial assistance granted by the government or a public body to support businesses, industries, or individuals, leading to lower costs or more favorable conditions.
Marginal Tax Rate
The rate at which the last dollar of taxpayers' income is taxed, indicating how much tax will be paid on an additional dollar of income.
Tax Liability
The total amount of tax owed to the government by an individual, corporation, or other entity for a given period.
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