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7. The graph below shows the supply and demand curves in the market for credit card borrowing. 13+ 12+ Supply 11- Demand 10 9-

7. The graph below shows the supply and demand curves in the market for credit card borrowing. 13+ 12+ Supply 11- Demand 10 9- 8+ 7+ Interest rate S 9 3- 2+ 2 34 6 7 8 9 10 11 12 13 Quantity of Money What is the equilibrium interest rate?

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