Thomas wants to invest. he finds a growing company that has stock with a P/E of 34.5. what should he do?

a. forget about investing and spend all his money
b. wait for the price to rise
c. wait for the price to fall
d. buy it now before the price rises

Ans: c. wait for the price to fall

Economics

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Refer to the figure above. When the supply curve of flash drives is S2 and the demand curve of flash drives is D, what is the surplus in the market when the price is $7?

A) 0 units B) 10 units C) 20 units D) 40 units

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Economics