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 48 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
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

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

d

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

For a complete list of videos, visit our video library