Only typed answer and please answer correctly The following figure shows credit demand and credit supply curves.Real interestrate (%)BShifts to point DRemains at point CShifts to point BShifts to point AADCD₂S₂S₁D₁Quantity ofcredit ($)Refer to the figure above. Assume that the loanable funds market initially is in equilibrium at point C.How is the equilibrium likely going to change if college tuition becomes free for all students?

The credit demand and credit supply curves illustrate the relationship between the demand for credit…

The following figure shows credit demand and credit supply curves. Real interest rate (%) B Shifts to point D Remains at point C Shifts to point B Shifts to point A A D D₂ S₂ S₁ D₁ Quantity of credit ($) Refer to the figure above. Assume that the loanable funds market initially is in equilibrium at point C. How is the equilibrium likely going to change if college tuition becomes free for all students?

The following figure shows credit demand and credit supply curves. Real interest rate (%) B Shifts to point D Remains at point C Shifts to point B Shifts to point A A D D₂ S₂ S₁ D₁ Quantity of credit ($) Refer to the figure above. Assume that the loanable funds market initially is in equilibrium at point C. How is the equilibrium likely going to change if college tuition becomes free for all students?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks show. Your staff survey your 400 citizens who say that they each value a fireworks show at $10. The fireworks show only costs $3,000 so you put on the show but when you ask for donations to pay for the fireworks you only receive $25 total. What does this result show? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. You staff's survey must have overestimated the value of a fireworks show. b The fireworks cost must have been greater than their economic benefit. The firework show suffered from the Tragedy of the Commons problems d The town's citizens were free-riders.