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3 April, 02:00

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

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  1. 3 April, 04:00
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    Dear user,

    Answer to your query is provided below

    $4000 sales tax

    Explanation:

    In question, 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, then the transaction will generate:

    $6,000 worth of buyer surplus and $4,000 of seller surplus.

    $4000 sales tax will result in unconsummated transaction.
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Home » Business » 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
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