A consumer values a car at $30,000 and a producer values the same car at $20,000. If the transaction is completed at $24,000, what level of sales tax will result in unconsummated transaction? a. b. C. d. 20% 0% 40% 25%

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ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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d.
A consumer values a car at $30,000 and a producer values the same car at $20,000. If the
transaction is completed at $24,000, what level of sales tax will result in unconsummated
transaction?
a.
b.
C.
d.
None of the above
20%
0%
40%
25%
unit and has marginal
Transcribed Image Text:d. A consumer values a car at $30,000 and a producer values the same car at $20,000. If the transaction is completed at $24,000, what level of sales tax will result in unconsummated transaction? a. b. C. d. None of the above 20% 0% 40% 25% unit and has marginal
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