C. An increase in the price of piano parts(raw materials). Makes the firm purchase less raw materials(piano parts) to manufacture less finished goods(pianos) therefore less products(pianos) will be supplied.
the real holding-period return for the year is -6.44<span>
HPR = (50-55+3)/55 => -3.64%
- must account for π of 3%
Fisher equation: (1-.0364) = (1+r)(1+.03)
r = -6.44%</span>
Answer:
1-Liquids have fixed volume but they have no fixed shape
2-Liquids flow from higher to lower level