The figure above shows the demand curve for dollars in the foreign exchange market.
-
If the exchange rate rises as shown by the arrow, the price of American exports to foreigners will be
, and foreign nations will demand dollars in order to buy _ American
Exports.
A) higher; more; more
B) higher; fewer; fewer
C) cheaper; fewer; fewer
D) cheaper; more; more
E) cheaper; fewer; more
Correct Answer:
Verified
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