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Supply and Demand
Economic model of price determination in a market, showing the relationship between the quantity of goods that producers wish to sell at various prices and the quantity consumers wish to buy.
Specific Tax
A fixed amount taxed per unit of a good or service, as opposed to a percentage of the price.
Fraction
A numerical quantity that is not a whole number, represents a part of a whole, typically written with a numerator and a denominator separated by a slash.
Consumers
Individuals or households that use goods and services generated within the economy.
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