Multiple Choice
The following table lists some economic agents and their intentions. At present the interest rate is 5 percent.
-Refer to the table above.What further information would help construct the supply curve in the credit market in this case?
A) The interest rate will increase to 6 percent.
B) As the interest rate decreases to 3 percent, Pie's Pizza and Sophie decide to take out loans of $110,000 and $12,000, respectively.
C) As the interest rate increases to 6 percent, Pie's Pizza and Sophie decide to take out loans of $110,000 and $12,000 respectively.
D) As the interest rate increases to 6 percent, Mike and Sara decide to save $55,000 and $130,000, respectively.
Correct Answer:

Verified
Correct Answer:
Verified
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