A leftward shift in the demand for loanable funds would definitely cause the equilibrium quantity of savings to decrease.
Loanable funds are the sum total of all the money people and entities in an economy have decided to save and lend out to borrowers as an investment rather than use for personal consumption. The term loanable funds are used to describe funds that are available for borrowing. In the loanable funds market, the price is the interest rate and the thing being exchanged is money.
The market for loanable funds is important because it is the link between those willing and able to lend and those who wish to borrow. The interest rate represents the cost of borrowing.
learn more about loanable funds here https://brainly.com/question/13636725
#SPJ4
