Peanut butter and jelly are complements in consumption. Assuming that the supply curve of peanut butter is upward-sloping, if th
1 answer:
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Answer:
Compound interest have more of an impact for <em>long-term</em> investments
Explanation:
Interest earn on the principal for one period (P) is the same for compound and non-compound interest
The <u>non-compound interest</u> of period n is is the sum of P for all n periods: P*n
<u>Compound interest</u> is the result of reinvesting interest.
The compound interest of period n () = interest earned on the principal (P) + interest on <em>previously accumulated interest of n-1 periods</em> (
), where...
...<em>previously accumulated interest of n-1 periods</em> ()= interest earned on the principal (P) + interest on <em>previously accumulated interest of n-2 periods</em> (
)
... and so on backward to the interest of period 1 = interest earned on the principal (P) = non-compound interest of period 1
It can be seen that the less (more) time pass, the less (more) the gap between compound interest and non - compound interest
Answer:
A. a movement downward along the supply curve.
Explanation:
According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
This accounts for why the supply curve is positively sloped.
A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.
Please check the attached image for a graph showing the supply curve
