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Corrine Stephens
on Nov 17, 2024

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If a tax did not induce buyers or sellers to change their behavior, it would not cause a deadweight loss.

Buyers

Individuals or entities that purchase goods or services for personal use or for resale.

Sellers

Individuals or businesses that provide goods or services to consumers in exchange for payment.

  • Understand the concept of deadweight loss caused by taxes and its implications on market efficiency.
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AN
Alena NoconNov 23, 2024
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