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Business, 10.03.2020 20:27 Aestheticblue

On the first day of school, the school store had 100 pencils for sale at $1 each. At the end of the week, there were 90 pencils left. The second week, the price of pencils dropped to $.75 each. At the end of the week, there were 75 pencils left. The store dropped the price $.25 each week, and at the end of the fourth week, there were no pencils left. Which price was the market clearing price?
A) $0.25
B) $0.50
C) $0.75
D) $1.00

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On the first day of school, the school store had 100 pencils for sale at $1 each. At the end of the...
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