17 March, 04:14

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 his final cost $530.In this situation, the taxes paid by Joe are an example ofA) opportunity cost.B) the law of supply.C) voluntary exchange.D) involuntary exchange.

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.