Exhibit 2-3 -In Exhibit 2-3, an Example of a Constant Would Be

question 106

Multiple Choice

Exhibit 2-3

-In Exhibit 2-3, an example of a constant would be

• A)the quantity of coffee supplied.
• B)the price that corresponds to any quantity of coffee supplied.
• C)the price of coffee.
• D)the slope of the line.
• E)both the price and quantity of coffee.

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Definitions:

Equivalent

Identical in worth, quantity, role, significance, and so forth.

Term Deposits

Fixed amount of money held at a financial institution for a fixed term, earning a guaranteed interest rate.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan based on the original principal amount and the interest rate, without compounding.

Equivalent

Equal in value, amount, function, meaning, etc., often used in mathematics and chemistry.