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STALIN [3.7K]
3 years ago
5

Assume that the three beachfront parcels are sold to the people that you indicated in the previous section. Suppose that a few d

ays after the last of those beachfront parcels is sold, another essentially identical beachfront parcel becomes available for sale at a minimum price of $560,000. This fourth parcel__1__ be sold because __2__ will purchase it from the seller for at least the minimum price.1) A. WillB. Will not2) A. No oneB. Ravi ($690,000)C. Maria ($720,000)D. Simone ($680,000)
Business
1 answer:
PIT_PIT [208]3 years ago
7 0

Answer:

The correct answer is; This fourth parcel will not be sold because all buyers will purchase it from the seller for at least the minimum price.

Explanation:

All buyers are willing to buy although all are willing to pay more than the minimum price. the seller might need to increase price  

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