You're given the following two equations representing the market for loanable funds: Q L = 16 +
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Question:
You're given the following two equations representing the market for loanable funds:
QL = 16 + 3.7r
QL = 94.2 - 2.2r
What is the equilibrium quantity of loanable funds?
I answered 58.09, but it is incorrect. Can you assist?
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