The supply schedule of yen has a positive-sloping region, which corresponds to the inelastic region on the Japanese demand schedule for foreign currency.

Question

Quizplus · Accepted Answer

The supply schedule of yen having a positive-sloping region would correspond to an elastic region, not inelastic, on the Japanese demand schedule for foreign currency, as it indicates an increase in supply with an increase in price.

The Supply Schedule of Yen Has a Positive-Sloping Region, Which