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Posts: 213
3 weeks ago
Recall the Application about South African consumer lender that offered different interest rates in loan offers via mass mailings answer the following question(s).


According to the Application, the number of consumers who accepted a particular loan offer from the mass mailings:

▸ did not vary with the different interest rates.

▸ was lower for offer letters with low interest rates.

▸ was higher for offer letters with high interest rates.

▸ was lower for offer letters with high interest rates.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
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3 weeks ago
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was lower for offer letters with high interest rates.
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wrote...
3 weeks ago
Thanks
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