Question

Homework question about graphs.
Some governments limit the rate of interest that may be charged on a loan. In these places it may be illegal for a lender to charge a rate of interest above a certain level. Use a supply and demand diagram to show the effect of these limits, assuming that the limit is below the equilibrium interest rate.
* I need help with graphing.

Answer 1

@jojobuck whatdo you suggest on graphing?

Answer 2

Some governments limit the rate of interest that may be charged on a loan. In these places it may be illegal for a lender to charge a rate of interest above a certain level. Use a supply and demand diagram (where does supply shift? demand?) to show the effect of these limits, assuming that the limit is below the equilibrium interest rate.

Answer 3

Is this your question?

Answer 4

Hello? Elle?..... ^^^^^^^

Answer 5

Ifyou know a way, can you attach an example of a graph that relates to my question?

Answer 6

Was what I put your question?

Answer 7

yes

Answer 8

The supply line will continue to rise until it hits a straight horizontal line equal to the dollar value of the equilibrium point. The demand will continue to fall until it intersects with the supply curve at the same point that the supply curve intersects with the horizontal supply cap line.

Answer 9

Thats the answer just find a way to graph it...

Answer 10

okay, but how do I graph that? I can't finish this question without graphing.

Answer 11

Can someone check my graph please ???