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Everything else held constant, if the default risk on ABC bonds increase relative to the default risk on CBS bonds, the demand curve for ABC
Everything else held constant, if the default risk on ABC bonds increase relative to the default risk on CBS bonds, the demand curve for ABC bonds shifts to the ________ and the equilibrium price of ABC bonds ________.
A) right; falls
B) left; falls
C) right; rises
D) left; rises
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