Given an equilibrium rate of interest in the market for car loans at 3% and a quantity of financial capital loaned and borrowed at 840 billion, if the interest rate rises to 6%, what happens to the quantity demanded relative to the equilibrium?
A) Quantity demanded decreases by 1.2 times.
B) Quantity demanded increases by 1.2 times.
C) Quantity demanded decreases by 0.6 times.
D) Quantity demanded increases by 0.6 times.
