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-Refer to Figure 17

Question 30

Multiple Choice

  -Refer to Figure 17.1. Suppose E is the original equilibrium. The Japanese have increased their demand for U.S. goods. This will lead to A)  an increase in the price of yen and an increase in the quantity of yen sold per week. B)  an increase in the price of yen and a decrease in the quantity of yen sold per week. C)  a decrease in the price of yen and an increase in the quantity of yen sold per week. D)  a decrease in the price of yen and a decrease in the quantity of yen sold per week.
-Refer to Figure 17.1. Suppose E is the original equilibrium. The Japanese have increased their demand for U.S. goods. This will lead to


A) an increase in the price of yen and an increase in the quantity of yen sold per week.
B) an increase in the price of yen and a decrease in the quantity of yen sold per week.
C) a decrease in the price of yen and an increase in the quantity of yen sold per week.
D) a decrease in the price of yen and a decrease in the quantity of yen sold per week.

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