Figures
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) cheaper; more; more
B) higher; more; more
C) cheaper; fewer; fewer
D) cheaper; fewer; more
E) higher; fewer; fewer
Correct Answer:
Verified
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