A financial institution makes an offer to a potential client: choosing between borrowing cash or borrowing gold. Cash can be borrowed at 9.5 % per annum, and gold - at 1.5% per annum. The risk-free interest rate is 6.00% per annum, and storage costs are 0.95% per annum. Explain if the rate of interest on the gold loan is too high or too low in relation to the rate of interest on the cash loan

As more people migrated west during the gold rush, what do you think happened to the demand curve in most western markets, holding all else constant? a. there was no shift, nor any increase or decrease in quantity demanded. b. there was no shift, but there was a decrease in quantity demanded. c. the demand curve shifted to the left. d. the demand curve shifted to the right. e. there was no shift, but there was an increase in quantity demanded.