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Upward-Sloping
A term often used in economics to describe a curve or line on a graph that increases in value as you move from left to right, indicating a direct relationship between two variables.
Excise Tax
A tax on the sale or use of specific products or transactions.
Tax Burden
The total amount of taxes paid by an individual, corporation, or sector, often expressed as a percentage of income or GDP.
Price Paid
The amount of money exchanged for a good or service.
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