Figure 18.3
-Referring to Figure 18.3, the effect of a decrease in U.S. prices is represented by a movement from point

Name: Figure 18.3 -Referring to Figure 18.3, the effect of a decrease in U.S. prices is represented by a movement from point
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Question

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A decrease in U.S. prices will make U.S. goods cheaper relative to foreign goods, leading to an increase in exports and a decrease in imports. This is represented by a movement from point a to d.

Figure 18.3 -Referring to Figure 18.3, the Effect of a Decrease in Decrease