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The table below represents demand and supply in the loanable funds market.

Quantity Supplied Interest Rate Quantity Demanded
1000 10% 100
900 9% 250
750 8% 400
600 7% 600
400 6% 800



Based on the table above, what would the equilibrium interest rate and equilibrium quantity of loans be in this market?

A

10% and 1000

B

9% and 250

C

8% and 750

D

7% and 600

E

6% and 400

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