Interest Rate (%) 11 13 15 17 19 21 Demand and supply schedule for financial capital QD of financial capital (in billions) $800 $700 $600 $550 $500 $480 QS of financial capital (in billions) $420 $510 $600 $660 $720 $750 Given the data shown in the table above, answer the following: 1. What is the equilibrium interest rate and equilibrium quantity in this market? Justify your answer! 2. If interest rate is set at 19%, do we have a shortage or a surplus of financial capital? Justify your answer! How much is the shortage or surplus amount? 3. If interest rate is set at 13%, do we have a shortage or a surplus of financial capital? Justify your answer! How much is the shortage or surplus amount?

Urgent Q4 I dont know why i got them wrong

C24) The cost of producing refrigerators has fallen over the past decade. Let's consider some implications of this fact. a. Draw a supply-and-demand diagram to show the effect of falling production costs on the price and quantity of refrigerators sold. b. Suppose the supply of refrigerators is very elastic. Who benefits most from falling production costs - consumers or producers of these refrigerators? Please draw an extreme case, i.e. perfectly elastic supply.

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