Question 3 Newly issued stock is being purchased over time by members of a population of 1000 people Each person acquires at most one and then simply holds it (there is no resale). In each period 5 percent (.05) of the people who do not yet own a share buy one share ("leaders"). Also in each period some number of "followers" who have learned about the stock from contact with the leaders also buy a share. The number of followers who purchase is 0.05 percent (.0005) times the number of "contacts" between all past purchasers and all the remaining population who have not yet purchased. (a) How many leaders are there in period 1? How many leaders in period 2? period? And then how many additional followers are prompted to buy as a result? appear that eventually all 1000 people will make a purchase? Why or why not? (b) Given your answer to (a), how many followers end up buying a share in the second (c) Given your answers to (a) and (b), how many additional leaders buy in period 3? (d) Do these calculations for two more periods, and then answer this question: Does it