According to the Law of Supply, If the Price of Personal

question 133

Multiple Choice

According to the law of supply, if the price of personal computers increased, ceteris paribus,

• A)the quantity supplied of personal computers would not change.
• B)the quantity supplied of personal computers would decrease.
• C)the supply of personal computers would decrease.
• D)the quantity supplied of personal computers would increase.
• E)the supply of personal computers would increase.

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Definitions:

Amortization Period

The total length of time it takes to pay off a loan in full with regular payments, often taking into account interest.

Compounded Semi-annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods twice a year.

Compounded Monthly

Compounded monthly refers to the process where interest is calculated and added to the principal sum every month, effectively increasing the total amount at a quicker pace.

Amortization Period

The total time period over which a loan or mortgage is scheduled to be paid off, often through regular payments.