Suppose the interest rate falls and the quantity of money borrowed (and lent) increases. Which of the following could have caused this to occur?
A. An increase in the demand for loans
B. A decrease in the supply of loans
C. An increase in the supply of loans
D. A decrease in the demand for loans
Answer: C
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Indicate whether the statement is true or false
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A) price fixing B) predatory pricing C) output restrictions D) bid rigging
One result of asymmetric information in the market for used cars is that buyers benefit at the expense of sellers
a. True b. False
A demand curve that shows the relationship between the price of a good and the amount of the good consumed holding the consumer's well-being fixed and allowing their to income vary is called:
A. an uncompensated demand curve. B. a compensated demand curve. C. a Marshallian demand curve. D. a derived demand curve.