Question

When the interest rate falls below the equilibrium, excess _____________, or a shortage of funds, occurs in the market. Credit card firms will believe that there is ______________________ interest rates because of the anticipated demand.
Select the correct answer below:

A) supply, force to lower

B) supply, an opportunity to raise

C) demand, an opportunity to raise

D) demand, force to lower

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Answer 1

Answer:

I believe it would be C

Explanation:

When dealing with supply and demand, supply being how much of a resource you have and demand being how much people want that resource.