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A particle, held by a string whose other end is attached to a fixed point C, moves in a circle on a horizontal frictionless surface.If the string is cut, the angular momentum of the particle about the point C:
Government Revenue
The total income received by the government from taxes, fees, and non-tax sources like government-owned enterprises and foreign aid.
Tax Rate
The share of an individual's or corporation's income that is subject to taxation.
Deadweight Loss
A loss in total economic welfare that occurs when the free market equilibrium for a good or a service is not achieved, typically due to taxes, subsidies, or market controls.
Elastic Supply
The condition where the quantity supplied of a good or service changes significantly in response to a change in price.
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