There were many distinctions made among peninsulares, creoles, mestizos, and mulattoes in Latin America. What do you think was the main purpose behind those societal distinctions

What do sellers do if they expect the price of goods they have for sale to increase dramatically in the near future? store the goods indefinitely regardless of when the price rises store the goods until the price rises and then try to sell them sell the goods now and try to invest the money instead of resupplying sell the goods now but try to get the higher price for them