Author Question: Scott used 4,000,00 . from his savings account that paid an annual interest of 5 to purchase a ... (Read 73 times)

michelleunicorn · **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