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Why do elephants face the threat of extinction while cows do not
Tax Burden
The total amount of taxes that individuals or businesses must pay to the government, expressed as a percentage of income or revenue.
Seller
An individual or entity that offers goods or services in exchange for payment, playing a crucial role in the dynamics of supply and demand in a market.
Market
A system or arena where buyers and sellers interact to trade goods, services, or resources.
Equilibrium Price
The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market stability.
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