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Refer to the Diagram

Question 111

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Refer to the diagram. The initial demand for and supply of pesos are shown by D₁ and S₁. The exchange rate will be A) M dollars for one peso. B) B dollars for one peso. C) A dollars for one peso. D) C dollars for one peso. Refer to the diagram. The initial demand for and supply of pesos are shown by D₁ and S₁. The exchange rate will be


A) M dollars for one peso.
B) B dollars for one peso.
C) A dollars for one peso.
D) C dollars for one peso.

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