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If the elasticity of supply of a product is 2.2,what do we know about supply
Rate Of Return
The earning or losing of funds on an investment throughout a defined timeframe, detailed as a percentage of the original amount invested.
Profits
The financial gain made in a transaction or operation, calculated as the difference between revenue and costs.
Compounded Annually
This refers to the process where interest is added to the principal sum, so that from that moment on, the interest that has been added also earns interest, being calculated and added to the account annually.
Simple Interest
Interest calculated on the principal amount of a loan or deposit, without compounding over time.
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