Empirical research suggests that most countries' price elasticities of demand for imports and exports are very inelastic,suggesting that currency depreciation would result in a worsening of a country's balance of trade.

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The Answer of Empirical research suggests that most countries' price elasticities of demand for imports and exports are very inelastic,suggesting that currency depreciation would result in a worsening of a country's balance of trade.

Empirical Research Suggests That Most Countries' Price Elasticities of Demand