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KiRa [710]
4 years ago
10

If a lobster in Maine costs $10 and that the same type of lobster in Massachusetts costs $30, then people could make a profit by

Business
1 answer:
Talja [164]4 years ago
6 0

Answer: buying lobsters in Maine and selling them in Massachusetts. This action would decrease the price of lobster in Massachusetts.

Explanation:

A lobster in Maine is sold at $10 while the same type of lobster is sold at $30 in Massachusetts. People would make a profit when they buy the lobster at $10 I'm Maine and sell at a price lower than $30 in Massachusetts.

The lobster is cheaper in Maine, so the logical thing to do is to buy at w country where it is cheaper and sell at Massachusetts. This will help reduce the price in Massachusetts to a price lower than $30 and the seller makes profit.

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