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

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Whenever the price of Good A increases, the demand for Good B increases as well. Good A and B appear to be: a. complements. b. substitutes

c. inferior goods. d. normal goods.

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The Federal Reserve district borders follow exclusively state borders

a. True b. False

Economics