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-Refer to the graph above to answer this question.What would be the new equilibrium price and quantity if demand increased by 60?
Exact Interest
This refers to the method of calculating interest based on a 365-day year or actual number of days in a month, providing a precise interest calculation.
Simple Interest
Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.
Exact Interest
A redefined term referring to the method of calculating interest based on a 365-day year, highlighting the precision in financial computations.
365-Day Year
A calendar year consisting of 365 days, not accounting for leap years which have 366 days.
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