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    file:///C:/Users/owner/Downloads/Jan%2011%20EC1%20(1).PDF

    Can someone help me with question 3 please

    I think for the first graph a cut in interest rates will cause demand to shift to the right from d to d1 because it is cheaper than before?

    Not sure about the second graph though.

    Thanks
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    (Original post by Super199)
    file:///C:/Users/owner/Downloads/Jan%2011%20EC1%20(1).PDF

    Can someone help me with question 3 please

    I think for the first graph a cut in interest rates will cause demand to shift to the right from d to d1 because it is cheaper than before?

    Not sure about the second graph though.

    Thanks
    You've linked to a file on your own computer, not the internet. None of us can see it.
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    (Original post by username42)
    You've linked to a file on your own computer, not the internet. None of us can see it.
    oops . I have added an image
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    A cut in interest rates will make the demand for mortgages go up as it's cheaper to borrow the money, this will result in an increase in the demand for housing and as a result the demand for bricklayers.

    (Original post by Super199)
    oops . I have added an image
 
 
 
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