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When a Lender Refuses to Make a Loan,although Borrowers Are

question 7

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When a lender refuses to make a loan,although borrowers are willing to pay the stated interest rate or even a higher rate,it is said to engage in ________.


Definitions:

Market Price

The price at which an asset or service is currently being traded in a given market.

Supply Curve

A graphical representation of the relationship between the price of a good or service and the amount that suppliers are willing to offer for sale, typically upward sloping because higher prices incentivize more production.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price during a specific time period.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a particular price point.

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