The Supply and Demand of a Service Can Be Balanced

question 147

True/False

The supply and demand of a service can be balanced by keeping the service price inflexible regardless of the time of day, week, or year.

---

Definitions:

Annual Interest

The amount of money that is earned or paid on an investment or loan over a one-year period, expressed as a percentage of the principal.

Withdraw Amount

The act of removing funds from an account, investment, or savings.

Compounded Semi-annually

Interest calculation method where interest is added to the principal twice a year.

Down Payment

An upfront payment made when purchasing an item on credit, often a significant percentage of the total purchase price.