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What impact would a fall in interest rates on loans used to purchase cars have on the demand for cars? Question 2 options: The demand
What impact would a fall in interest rates on loans used to purchase cars have on the demand for cars? Question 2 options: The demand for cars would decrease because the interest rate on auto loans is the price of a substitute good. The demand for cars would increase because the interest rate on auto loans is the price of a complementary good. The demand for cars would decrease because the interest rate on auto loans is the price of a complementary good. The demand for cars would increase because gas is the price of a substitute good. The quantity demanded of cars would increase as we move down the demand curve for cars
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