Examlex
Match each statement with the correct term below.
-vicarious liability
Excise Tax
A tax on specific goods or services, such as tobacco, alcohol, and gasoline, designed to raise revenue and/or discourage consumption of certain products.
Equilibrium
A state in which the conflicting forces of demand and supply are in balance. When a market is in equilibrium, the decisions of consumers and producers are brought into harmony with one another, and the quantity demanded will equal the quantity supplied.
Revenue
Aggregate income a company secures from its sales of products or rendering of services in a given period.
Excise Tax
A tax imposed on specific goods, services, or activities to raise revenue or discourage their use.
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