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Recall the Application about South African consumer lender that offered different interest rates in ...

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Recall the Application about South African consumer lender that offered different interest rates in ...

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: 8^th

Authors: O'Sullivan, Sheffrin, Perez

Read 91 times

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