Rising demand for a certain type of car will probably lead to a. lower interest rates for all type of vhicles b. lower interest rate for that type of car c. higher interest rate for all type of vehicles. d. higher interest rat for that type of car

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Carla Richard

9 November, 18:33

Rising demand for a certain type of car will probably lead to a. lower interest rates for all type of vhicles b. lower interest rate for that type of car c. higher interest rate for all type of vehicles. d. higher interest rat for that type of car

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Kymani Fleming · Answer 1

Assuming that supply of the car remains unchanged, then is the demand increases the interest rate is likely to increase, since the company can profit more off of more cars.