Examlex
Express the event "A ∪ B" in words
Deadweight Loss
A decrease in economic productivity that happens when a good or service does not reach or cannot reach its equilibrium state.
Tax
Mandatory charges imposed by governments on individuals or entities to fund public services and goods.
Deadweight Loss
An economic inefficiency resulting from a market not reaching equilibrium, where potential gains from trade are not fully realized.
Demand
It represents the quantity of a good or service that consumers are willing and able to purchase at various prices.
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