Multiple Choice
The demand for capital is QD = 100 - 20r and the supply of capital is QS = 12r - 28, where r is the interest rate and Q is the quantity of capital in millions of dollars. The equilibrium interest rate is r = ____.
A) 5
B) 2.33
C) 4
D) 9
Correct Answer:
Verified
Correct Answer:
Verified
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