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Labor Demand
The quantity of labor that employers are willing and able to hire at a given wage rate, in a given time period.
Deadweight Loss
The falloff in economic efficiency that strikes when equilibrium for a good or service isn’t met or is beyond reach.
Tax Revenue
The revenue governments receive as a consequence of taxes.
Deadweight Loss
Failure to reach free market equilibrium for a good or service leads to a loss in economic efficiency.
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