Multiple Choice
Suppose Appliance Mart buys a used refrigerator for $100, repairs it, and resells it for $250. The result of this transaction is to
A) increase the value of national product by $150.
B) decrease the value of national product by $100.
C) increase the value of national product by $250.
D) leave the value of national product unchanged.
E) insufficient information to know.
Correct Answer:
Verified
Correct Answer:
Verified
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