Assume the loanable funds market is in equilibrium. An increase in the demand for loanable funds will result in a __________ equilibrium interest rate as the quantity of loanable funds demanded __________ and the quantity of loanable funds supplied __________ as the market moves to a new equilibrium.

a. higher; increases; decreases

b. lower; decreases; decreases

c. higher; increases; increases

d. lower; increase; increases