Examlex
In the formula
,the subscript refers to the:
Price Ceiling
A Price Ceiling is a government-imposed limit on how high a price can be charged for a product, intended to protect consumers from exorbitant prices.
Supply Curve
A graph showing the relationship between the quantity of a good that producers are willing to sell and the price of the good.
Gasoline
A petroleum-derived flammable liquid primarily used as fuel in internal combustion engines.
Tax Per Unit
A levy imposed by a government on each unit of goods or services sold.
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