If buyers expect future price increase, they will ___________ their purchases to avoid it. Similarly, sellers will __________ selling to take advantage of it.
a. Accelerate; accelerate
b. Accelerate; delay
c. Delay; accelerate
d. Delay; delay
Question 2
George Webb Restaurant collects on the average 5 per customer at its breakfast & lunch diner. Its variable cost per customer averages 3, and its annual fixed cost is 40,000 . If George Webb wants to make a profit of 20,000 per year at the diner, it will have to serve__________ customers per year.
a. 10,000 customers
b. 20,000 customers
c. 30,000 customers
d. 40,000 customers
e. 50,000 customers
Alan Price - Poor People
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