The demand for slaves was increasing more rapidly in cities than on plantations

When there is a shortage, producers raise prices in an attempt to

a. separate the quantity supplied and demanded b. raise the quantity demanded c. equalize the quantity supplied and demanded d. lower the quantity supplied

Suppose that your college offers you two payment plans for your last two years of college. You may either pay tuition of $20,000 per year at the beginning of each of the next two years, or pay just $38,000 before the start of freshman year

What would the interest rate have to be for you to be indifferent between these two deals? Explain.