Joe has purchased a new bike for $500. the taxes on the bike add another $30 to the total, making his final cost $530.
in this situation, the taxes paid by joe are an example of
a) opportunity cost.
b) the law of supply.
c) voluntary exchange.
d) involuntary exchange.
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Joe has purchased a new bike for $500. the taxes on the bike add another $30 to the total, making hi...
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