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economics a-level - introduction to markets and market failure > 1.2 - How Markets Work > Flashcards

1.2 - How Markets Work Flashcards

1
Q

Ad valorem tax definition

A

An ad valorem tax is a tax that is based on the value of a product or service, rather than on the quantity or weight of the item

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economics a-level - introduction to markets and market failure (5 decks)

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