d. Higher interest rates for that type of car.
When there is a higher demand for a certain type of car, it often indicates that consumers are willing to pay more for that particular model. This can lead lenders to raise interest rates for that type of car in order to capitalize on the increased demand and potentially generate more profit from the loans.
what would rising demand for a certain type of car most likely lead to?
a. Lower interest rates for all types of vehicles.
b. Lower interest rates for that type of car.
c. Higher interest rates for all types of vehicles.
d. Higher interest rates for that type of car.
1 answer
1 answer