Examlex
_________ argue that change results from struggles between competing interests.
Efficiency Loss
The loss of economic efficiency that can occur when the equilibrium for a good or service is not achievable or not achieved.
Excise Tax
A tax charged on specific goods and services, such as tobacco, alcohol, and gasoline, typically imposed at the manufacturing or production level.
Perfectly Elastic
A situation in economics where the quantity demanded or supplied responds infinitely to changes in price.
Excise Tax
A tax levied on specific goods, services, or transactions, often included in the price of products like tobacco, alcohol, and gasoline.
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