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A Consumer Values a Car at $525,000 and a Producer

Question 34

Multiple Choice

A consumer values a car at $525,000 and a producer values the same car at $485,000.If sales tax is 8% and is levied on the buyer,then the buyers top dollar price is


A) $525,000
B) $523,800
C) $485,000
D) $486,111

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