Question: In this chapter, we consider whether retailers should extend credit. Think of a store where you would want to purchase a big-ticket item. Would the

In this chapter, we consider whether retailers should extend credit. Think of a store where you would want to purchase a big-ticket item. Would the companys willingness to extend you credit make you more likely to purchase? In mathematic terms (e.g. 1.5x),

how much more do you think you would spend at this store if offered credit?

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