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Author Question: A consumer values a car at 525,00 . and a producer values the same car at 485,000 . If sales tax is ... (Read 71 times)

tuffie

  • Hero Member
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  • Posts: 534
on: Jul 1, 2018
A consumer values a car at 525,00 . and a producer values the same car at 485,000 . If sales tax is 8 and is levied on the buyer, then the buyers top dollar price is
 a. 525,000
  b. 523,800
  c. 485,000
  d. 486,111

Question 2

Holding other things constant, an increase in the inflation rate in the US compared to China may cause the demand for dollar to _____________ and the supply for dollar to __________.
 a. Increase; decrease
 b. Increase, increase
 c. Decrease; Increase
  d. Decrease; Decrease


Jadwiga9

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  • Posts: 316
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


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