You're given the following two equations representing the market for loanable funds: Q L = 14.2 +

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Question:

You're given the following two equations representing the market for loanable funds:

Q_L = 14.2 + 2.7r

Q_L = 80.7 - 3.3r

What is the equilibrium quantity of loanable funds? Please round to 1 decimal place.

Posted Date: Jun 13, 2024 11:03 AM

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