Assume that the three beachfront parcels are sold to the people that you indicated in the previous section. Suppose that a few days 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 parcel1 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)

Question

Jake Pace

Business

29 April, 02:02

Assume that the three beachfront parcels are sold to the people that you indicated in the previous section. Suppose that a few days 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 parcel1 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)

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Answers (1)

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Harper Everett · Answer 1

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