How does demand for payday loans differ from that for other forms of finance? Sketch out demand

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How does demand for ‘payday’ loans differ from that for other forms of finance? Sketch out demand and supply curves for payday loans and for traditional bank loans to illustrate your answer.

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Question Posted: Apr 03, 2019 09:11 AM

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How does demand for payday loans differ from that for other forms of finance? Sketch out demand

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Demand for payday loans is likely to be more inelastic than for other ...View the full answer

Economics

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