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Author Question: The import demand curve determines the ________ in the same way that the export supply curve ... (Read 55 times)

kodithompson

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on: Jun 30, 2018
The import demand curve determines the ________ in the same way that the export supply curve determines the ________.
 
  A) supply of foreign exchange; demand for foreign exchange
  B) supply of domestic currency; demand for domestic currency
  C) demand of foreign exchange; supply for foreign exchange
  D) demand of domestic currency; supply for domestic currency

Question 2

Which line in the figure shows a more elastic supply for euros?
 
  A) Line S
  B) Line S'
  C) There elasticities are the same.
  D) This cannot be determined from the graph.


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whitcassie

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


kodithompson

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Reply #2 on: Jun 30, 2018
Thank you


whitcassie

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Reply #3 on: Jun 30, 2018
No problemo


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