In the following diagram D€ is the US demand curve for Euro and S€ is the US supply curve for Euro.If the exchange rate of Euro is US$1.5/€ then which of the following is true. 
A) US has a balance of trade deficit of 6 billion Euro
B) US has a balance of trade surplus of 6 billion Euro
C) US has a balance of trade deficit of 2 billion Euro
D) US has a balance of trade surplus of 4 billion Euro
Correct Answer:
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