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Deadweight Loss
A reduction in economic effectiveness that happens when a good or service does not reach, or cannot reach, its equilibrium state.
Tax Per Unit
Tax per unit is a fixed amount of tax applied to a product or service, regardless of its price, which directly affects the supply curve by increasing production costs.
Tax Levied
The process of imposing a tax by a governing authority on the citizens and organizations.
Buyers And Sellers
Participants in a market where buyers exchange money for goods or services from sellers, creating economic transactions.
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