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​A Consumer Values a Car at $30,000 and a Producer

Question 33

Multiple Choice

​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) ​0%
B) 25%
C) 20%
D) ​40%

Correct Answer:

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