Figure 19.3
-Refer to Figure 19.3. The market equilibrium for yen is currently at Point A. An increase in income in the U.S. causes a movement to Point _______.

Question

Quizplus · Accepted Answer

An increase in income in the U.S. will lead to an increase in the demand for yen, which will shift the demand curve to the right. This will cause the equilibrium to move from Point A to Point C.

Figure 19.3 -Refer to Figure 19.3. the Market Equilibrium for Yen Is