A consumer values a car at $30,000 and a producer values the same car at $20,000 . If a tax is levied on the seller, what level of tax will result in unconsummated transaction?
a. 0%
b. 25%
c. 60%
d. 40%
c
Economics
a. 0%
b. 25%
c. 60%
d. 40%
c