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aivan3 [116]
2 years ago
13

What is a credit limit?

Business
2 answers:
Sati [7]2 years ago
7 0
A credit limit<span> is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit (sometimes called a credit line, line of credit, or a tradeline).</span>
tigry1 [53]2 years ago
5 0
Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line ofcredit.
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Answer:

Equilibrium price to be indeterminate from the information given, but equilibrium quantity to rise.

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Plastic is cheaper now so kayaks will also be cheaper. On the other hand increase in demand naturally causes an increase in price. So the cheaper price of kayaks will need to be compared with price increases as a result of increased demand to determine if equillibrum price will rise or fall.

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