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12 Dec 2019
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, the transaction will not take place if:
Select one:
a. The tax is smaller than the total surplus
b. The tax is smaller than the buyer surplus
c. The tax is equal to the seller surplus
d. The tax is larger than the total surplus
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, the transaction will not take place if:
Select one:
a. The tax is smaller than the total surplus
b. The tax is smaller than the buyer surplus
c. The tax is equal to the seller surplus
d. The tax is larger than the total surplus
22 Feb 2022
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Casey DurganLv2
13 Dec 2019
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