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Author Question: Scott used 4,000,00 . from his savings account that paid an annual interest of 5 to purchase a ... (Read 80 times)

michelleunicorn

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on: Jul 1, 2018
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


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jgranad15

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


michelleunicorn

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Reply 2 on: Jul 1, 2018
:D TYSM

bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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