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The demand for capital is QD = 80 - 15r and the supply of capital is QS = 20r - 60, where r is the interest rate and Q is the quantity of capital in millions of dollars. Businesses become more optimistic about the business environment and borrow $70 million more capital at each interest rate level. What happens to the equilibrium interest rate and quantity of capital as a result of this newfound optimism?
Television Viewers
Individuals who watch content on television sets.
Plus Four Confidence Interval
A variation of the confidence interval estimate that includes an adjustment for small sample sizes.
First Year Statistics Students
Individuals at the initial stage of their academic coursework focusing on the study of collecting, analyzing, interpreting, presenting, and organizing data.
Proportion of Defective
This term refers to the fraction or percentage of items in a batch or lot that are considered defective or not meeting the predefined standards of quality.
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