Examlex
which of these is considered a traditional tool for secondary research?
Excise Tax
A tax levied on the sale or consumption of specific goods or services, such as tobacco and alcohol.
Demand Shift
Occurs when there is a change in the quantity demanded at every price level, caused by factors other than the price of the good itself.
Deadweight Loss
The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved, often due to market failure or intervention.
Excise Tax
A charge imposed on the sale or use of particular products or services, including alcohol, tobacco, and fuel.
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