Jay owns a classic car he purchased for $50,000. At a car rally a knowledgeable classic car enthusiast offers him $75,000 for the car. Based on this information:
A. Jay's saving this year has decreased by $25,000.
B. Jay's saving this year has increased by $25,000.
C. Jay has experienced a $25,000 capital gain.
D. Jay's wealth is unchanged.
Answer: C
Economics
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