Review Test Submission: 07. Chapter 04 Reading Qulz - 4. Assume that as the economy booms, the Demand for business and consumer loans rises significantly, while the Supply of funds and loans remains constant. As a result, the market Interest Rate for business and consumer loans rises to 20 percent per year. The government then decides to implement a Price Ceiling of 15 percent per year. Which of the following is likely to occur as a result of the imposed and effective Price Ceiling?