Exhibit 20-8
-Exhibit 20-8 shows the market for euros in the US. Initially the demand for euros is represented by D₁ and the supply of euros is represented by S₁. Equilibrium in the market for euros is at point A. In response to a decrease in the income of US consumers the equilibrium will be at point _____.

Question

Exhibit 20-8 Exhibit 20-8 -Exhibit 20-8 shows the market for euros in the US. Initially the demand for euros is represented by D<sub>1</sub> and the supply of euros is represented by S<sub>1</sub>. Equilibrium in the market for euros is at point A. In response to a decrease in the income of US consumers the equilibrium will be at point _____. A) A B) C C) E D) G E) H

Exhibit 20-8 -Exhibit 20-8 shows the market for euros in the US. Initially the demand for euros is represented by D<sub>1</sub> and the supply of euros is represented by S<sub>1</sub>. Equilibrium in the market for euros is at point A. In response to a decrease in the income of US consumers the equilibrium will be at point _____. A) A B) C C) E D) G E) H

-Exhibit 20-8 shows the market for euros in the US. Initially the demand for euros is represented by D₁ and the supply of euros is represented by S₁. Equilibrium in the market for euros is at point A. In response to a decrease in the income of US consumers the equilibrium will be at point _____.

Quizplus · Accepted Answer

The Answer of Exhibit 20-8 -Exhibit 20-8 shows the market for euros in the US. Initially the demand for euros is represented by D₁ and the supply of euros is represented by S₁. Equilibrium in the market for euros is at point A. In response to a decrease in the income of US consumers the equilibrium will be at point _____.

Exhibit 20-8 -Exhibit 20-8 Shows the Market for Euros in the US