The demand curve and supply curve for one-year discount bonds were estimated using the following equations: ​Bd : Price = - 2/5 Quantity + 990 ​Bs : Price =​ Quantity + 500 As the stock market continued to rise, the Federal Reserve felt the need to increase the interest rates. As a result, the new market interest rate increased to 19.65%, but the equilibrium quantity remained unchanged. What are the new demand and supply equations? Assume parallel shifts in the equations

ENGR.ECONOMIC ANALYSIS
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The demand curve and supply curve for one-year discount bonds were estimated using the following equations:
​Bd : Price = - 2/5 Quantity + 990
​Bs : Price =​ Quantity + 500
As the stock market continued to rise, the Federal Reserve felt the need to increase the interest rates. As a result, the new market interest rate increased to 19.65%, but the equilibrium quantity remained unchanged. What are the new demand and supply equations? Assume parallel shifts in the equations.

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