Scott used 4,000,00 . from his savings account that paid an ...

[michelleunicorn]

Scott used 4,000,00 . from his savings account that paid an annual interest of 5 to purchase a hardware store. After one year, Scott sold the business for 4,100,000 . An Economist calculated his profit to be:
 a. 300,000
  b. 100,000
  c. -100,000
  d. -200,000

Question 2

If buyers expect future price increase, they will ___________ their purchases while sellers will __________ production
 a. Accelerate; accelerate
  b. Accelerate; delay
 c. Delay; accelerate
 d. Delay; delay

[jgranad15]

Answer to Question 1

c

Answer to Question 2

b

[michelleunicorn]

Excellent

[jackie]

Thanks for the timely response, appreciate it