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Consider the oxides XO2, where X is a main-group element. Identify X in each of the following cases:
a. XO2 is a natural component of the atmosphere, implicated in global warming.
b. XO2 is a toxic, brown gas and a component of photochemical smog.
c. XO2 is a colorless, toxic gas, implicated in acid rain.
d. XO2 is network solid; one form of it is the mineral quartz.
Deadweight Loss
The loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.
Consumer Surplus
The contrast between the total price consumers aim and are capable of paying for a good or service and the price they actually pay.
Tax
Mandatory financial charges imposed by a government on individuals or entities to fund public expenditures.
Producer Surplus
The difference between the amount producers are willing to accept for a good or service and the actual amount they receive, due to higher market prices.
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