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If Virtual Reality Headsets Are Considered Substitutes for Game Consoles,then

question 13

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If virtual reality headsets are considered substitutes for game consoles,then a decline in the price of game consoles would,all else equal


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Venetian Glass

A type of glass made in Venice, Italy, renowned for its craftsmanship, color, and intricate designs.

Service Tax

A tax levied by the government on service providers on certain service transactions, but is actually borne by the customers.

Quotas

Limits set by governments on the amount of a specific good that can be imported or exported during a given time frame, often used as a way to regulate international trade.

Domestic Industries

Industries that produce goods and services within a country's borders for local consumption.

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