Answer: c. Demand decreases and supply decreases.
Explanation:
When demand for tablets decrease, the demand curve shifts to the right. The price and quantity declines. At the same time, when supply also falls, the supply curve shifts to the left leading to an increase in price and a fall in quantity.
Since, decrease in demand and supply have opposite effect on the price there is no change in the price of tablets.
Both the forces work towards reducing quantity to quantity will fall unambiguously.
Thus, the correct option is c, Demand decreases and supply decreases.
Answer: overturned prohibitions on interstate banking and branching(D)
Explanation:
The Riegle-Neal Act of 1994 was signed into law by former United States of America president; President Bill Clinton in September 1994. The Riegle-Neal Act of 1994 removed many obstacles that were encountered by banks that want to have branches in other states.
The Riegle-Neal Act of 1994 also provided uniform set of rules for the banks in each state. It allowed interstate banking nationwide for the first time, by allowing well-managed, and well-capitalized banks to get banks in other states.
Answer:
$495,614.80
Explanation:
The interest paid will be the total amount paid minus the principal amount.
The amount paid after 30 years using compound interest will be
the future amount. Interest rate is compounded monthly . There are 12 compounds in a year, equivalent to 360 after 30 years.
interest is 4.35 per year or 4.35/12 per month
FV = P x ( 1+ r)N
Fv = 185,000 x ( 1+ 0.3625/100)360
Fv = 185,000 x (1.003625)30
Fv = 185,000 x 3.67899783
Fv = 680,614.60
Interest paid will be = $,614.80 - $185,000.00
=$495,614.80
