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The Bank of England announces a 0.5 percentage point increase in base rates and accompanies this with commentary that this is likely to be the

The Bank of England announces a 0.5 percentage point increase in base rates and accompanies this with commentary that this is likely to be the first of a number of increases. What is this likely to do to the 'Market demand' curve, and what effect would this have on the equilibrium quantity and equilibrium price

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