Answer:
Arbitrage
Explanation:
Arbitrage occurs when the same good sells for different prices at different market. This price difference allows market participants to earn riskless profit .
In this case, the generator is more expensive in South Carolina when compared with other places. Thus, in order to earn riskless profit, people would buy where it is cheaper and sell at South Carolina where it is more expensive.
Economic theory suggest that if this kind of buying continues, soon the prices would be the same in both markets .
I hope my answer helps you
Answer:
c. Bill is the superintendent of schools, and John is the chair of the school board
Explanation:
Bill is the superintendent of schools, and John is the chair of the school board
Answer:
The correct answer is: seasonal discount.
Explanation:
Seasonal discounts are store offerings by which their products are sold at a lower price during specific periods due to changes in seasons. For instance, winter clothing tends to be cheaper during the spring or summer because most people do not purchase them during those seasons. Then, retailers lower the prices to boosts sales.
