Economics 9708 · AS & A Level · Oligopoly

Oligopoly — practice question

The diagram illustrates three distinct levels of the supply of money (MS) together with three liquidity preference demand for money curves (LP). The starting equilibrium is at point X. Money income falls, while bank credit expands at the same time. Which point might be the new equilibrium point?

  • APoint A
  • BPoint B
  • CPoint C
  • DPoint D

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