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Author Question: Refer to the information provided in Figure 34.4 below to answer the question(s) that follow. Refer ... (Read 22 times)

ec501234

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.








Refer to Figure 34.4. The demand and supply of pounds are 
D
2 and 
S
1. A decrease in British demand for U.S. exports, 
ceteris paribus, could


◦ decrease the exchange rate ($/pound) to $1.50.
◦ increase the exchange rate ($/pound) to $2.00.
◦ increase the equilibrium quantity from 300 to 400 pounds.
◦ increase the demand for pounds from
 D
2 to 
D
1.

Question 2

Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.








Refer to Figure 34.4. The demand and supply of pounds are 
D
2 and 
S
2. If the supply shifts to 
S
1 and demand remains unchanged at 
D
2


◦ the dollar depreciates and the equilibrium quantity of pounds increases.
◦ the dollar depreciates and the equilibrium quantity of pounds decreases.
◦ the dollar appreciates and the equilibrium quantity of pounds decreases.
◦ the dollar appreciates and the equilibrium quantity of pounds increases.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by ec501234 on Apr 19, 2019

Sophiapenny

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ec501234

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Reply #2 on: Apr 19, 2019
TY


Sophiapenny

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Reply #3 on: Apr 19, 2019
You're welcome


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