Figure 13-2

-Refer to the FigurE₁3-2.Suppose that these diagrams refer to Canada.If the interest rate was initially at r₀ and China voluntarily restricted its exports to Canada,what would happen to the interest rate?
A)It would stay at r₀.
B)It would decrease because supply would shift right.
C)It would increase because supply would shift left.
D)It would decrease because demand would shift left.

Question

Figure 13-2
 
-Refer to the FigurE₁3-2.Suppose that these diagrams refer to Canada.If the interest rate was initially at r₀ and China voluntarily restricted its exports to Canada,what would happen to the interest rate?
A)It would stay at r₀. 
B)It would decrease because supply would shift right. 
C)It would increase because supply would shift left. 
D)It would decrease because demand would shift left.

Quizplus · Accepted Answer

The Answer of Figure 13-2
 
-Refer to the FigurE₁3-2.Suppose that these diagrams refer to Canada.If the interest rate was initially at r₀ and China voluntarily restricted its exports to Canada,what would happen to the interest rate?
A)It would stay at r₀. 
B)It would decrease because supply would shift right. 
C)It would increase because supply would shift left. 
D)It would decrease because demand would shift left.

Figure 13-2 -Refer to the FigurE₁3-2.Suppose That These Diagrams Refer to Canada.If