Multiple Choice
Suppose that a lobster in Maine costs $10 and that the same type of lobster in Massachusetts costs $30.People could make a profit by
A) buying lobsters in Maine and selling them in Massachusetts.This action would increase the price of lobster in Massachusetts.
B) buying lobsters in Maine and selling them in Massachusetts.This action would decrease the price of lobster in Massachusetts.
C) buying lobsters in Massachusetts and selling them in Maine.This action would increase the price of lobster in Massachusetts.
D) buying lobsters in Massachusetts and selling them in Maine.This action would decrease the price of lobster in Massachusetts.
Correct Answer:
Verified
Correct Answer:
Verified
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