The product is a normal product.
-All of the following except one will cause the supply of a product to increase.Which is the exception?
Definitions:
Nominal Rate
Refers to the interest rate stated on a loan or investment agreement before any inflation adjustment or compounding effect.
Term of Loan
The period over which a loan agreement is in effect, at the end of which the loan must be repaid in full.
Nominal Rate
The stated interest rate on a loan or financial product, not accounting for inflation or compounding effects.
Term of Loan
The length of time over which the loan is scheduled to be repaid.
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