Examlex
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 ________.
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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