Multiple Choice
The demand for capital is QD = 46 - 10r and the supply of capital is QS = 2r - 2, where r is the interest rate (measured as a percentage) and Q measures the quantity of capital in millions of dollars. The equilibrium quantity of capital is ____.
A) 6
B) 36
C) 9
D) 7.2
Correct Answer:
Verified
Correct Answer:
Verified
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