Solved: After how many years supermarket b overtake supermarket a, Microeconomics

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After how many years supermarket b overtake supermarket a

Problem

The turnover of a leading supermarket chain, A, is currently $560 million and is expected to increase at a constant rate of 1.5% a year. Its nearest rival, supermarket B, has a current turnover of $480 million and plans to increase this at a constant rate of 3.4% a year. After how many years will supermarket B overtake supermarket A?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: After how many years supermarket b overtake supermarket a

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