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    Managerial Economics Study Set 1
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    Exam 1: The One Lessor of Business
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    A Buyer Values a House at $525,000 and a Seller
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A Buyer Values a House at $525,000 and a Seller

Question 29

Question 29

Multiple Choice

A buyer values a house at $525,000 and a seller values the same house at $485,000.If sales tax is 8% and is levied on the seller,then what would be the lowest price that the seller would be willing to sell at?​


A) ​$527,000
B) $523,800
C) $525,000
D) ​$500,000

Correct Answer:

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