A speculator is someone who
A) buys a good for immediate consumption
B) buys a good for a low price,hoping to sell it in the future for a higher price
C) buys a good for one price and hopes to sell it for a lower price in the future
D) sells a good for a lower price than its original purchase price
E) sells all of his or her merchandise and then exits the market

Question

Quizplus · Accepted Answer

A speculator is someone who buys a good for a low price, hoping to sell it in the future for a higher price. They take on risk in the hopes of making a profit.

A Speculator Is Someone Who