The following figure shows two credit demand curves, CD₁ and CD₂, and two credit supply curves, CS₁ and CS₂.
-Refer to the figure above.What is the equilibrium rate of interest when the credit demand curve is CD₁ and the credit supply curve is CS₁?
A) 2 percent
B) 3 percent
C) 4 percent
D) 5 percent
Correct Answer:
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