Rising demand for a certain type of car would most likely lead to higher interest rates for that type of car. When demand increases, lenders may perceive higher risk or simply capitalize on that demand by raising interest rates to maximize their profit.
What would rising demand for a certain type of car most likely lead to?
(1 point)
Responses
lower interest rates for all types of vehicles
lower interest rates for all types of vehicles
lower interest rates for that type of car
lower interest rates for that type of car
higher interest rates for all types of vehicles
higher interest rates for all types of vehicles
higher interest rates for that type of car
1 answer