Suppose the price of the dollar falls from 150 to 120 yen.As a result,Japanese purchases of $35,000 Cadillacs rise from 2,000 to 2,100 per year.This is the kind of event underlying the reason for drawing
A) a downward-sloping demand curve for yen.
B) a downward-sloping supply curve of yen.
C) an upward-sloping demand curve for yen.
D) an upward-sloping supply curve of yen.
Correct Answer:
Verified
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A)it
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