Rogers suggested that ideas are diffused through the market in systematic stages. During the ________ stage the customer decides
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In economics, the Fisher equation is used to determine the relationship of the nominal interest rate and the real interest rate. This equation takes into account the effect of inflation. Mathematically this is expressed as:
Real rate = -1
The values given are:
Nominal rate= 10% = 0.1
Inflation=5%=0.05
Substituting known values and by calculation:
<span>Real rate=0.0476 = 4.76%</span>