Examlex
Bank credit cards represent the most common kind of open account credit.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is unattainable.
Units Bought
Refers to the quantity of a particular good or service purchased by consumers or businesses.
Tax Imposed
A financial charge or other levy placed upon an individual or a legal entity by a state or a functional equivalent of a state.
Consumer Surplus
The difference between the amount consumers are willing to pay for a good or service versus what they actually pay.
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