Annual interest rate that factors in compounding effects.
Formula: APY = ( 1 + APR/n )^n - 1
Answer: See explanation
Explanation:
a. The Law of Demand states that when the price of a good rises, then the Quantity Demanded will (fall)
b. The Law of Demand states that when the price of a good falls, then the Quantity Demanded will (rise).
According to the law of demand, when there's an increase in the price of a product, there'll be a reduction in the quantity of the good that will be demanded by the consumers and vice versa.
<span>In the word 'slowly', 'ly' is a suffix. The suffix 'less' changes a noun into an adjective, meaning 'without'.</span>
