​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%

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