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

a. buying lobsters in Maine and selling them in Massachusetts. This action would decrease the price of lobster in Massachusetts.
b. buying lobsters in Maine and selling them in Massachusetts. This action would increase the price of lobster in Massachusetts.
c. buying lobsters in Massachusetts and selling them in Maine. This action would decrease the price of lobster in Massachusetts.
d. buying lobsters in Massachusetts and selling them in Maine. This action would increase the price of lobster in Massachusetts.

Respuesta :

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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