A diversified portfolio only makes sense for large institutional investors, not for small investors

Everything else remaining unchanged, what is likely to happen to the equilibrium real interest rate and quantity of credit if the credit demand curve shifts to the left?

A) Both equilibrium rate of interest and quantity of credit will decrease. B) Both equilibrium rate of interest and quantity of credit will increase. C) The equilibrium rate of interest will decrease and the quantity of credit will increase. D) The equilibrium rate of interest will increase and the quantity of credit will decrease.

The difference between the total willingness to pay for a good and the amount actually spent measures:

A) the total benefits from consuming the good. B) the net gain from the production and consumption of the good. C) the amount by which producers are better off, i.e., producers' surplus. D) the amount by which consumers are better off, i.e., consumers' surplus.