1.2 What is the effect of a usury law that limits the market rate of interest if...

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1.2 What is the effect of a usury law that limits the market rate of interest if some potential lenders, hoping that the authorities do not catch them, are still willing to loan money at illegally high rates?

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Microeconomics

ISBN: 9780133456912

7th Edition

Authors: Jeffrey M. Perloff

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Question Posted: Nov 15, 2024 06:01 AM

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1.2 What is the effect of a usury law that limits the market rate of interest if...

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Microeconomics

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