Title: In the above figure, suppose the value of the European euro is P1 and U.S. demand for French wine ...
Post by: regina nana on Mar 2, 2019
In the above figure, suppose the value of the European euro is P1 and U.S. demand for French wine declines. The effect on the euro can be shown by
• the excess demand of euro equal to Q3 - Q1.
• the decrease in the value of the euro to P0.
• an increase in the value of the euro to P2.
• a shift in the demand for euros from D1 to D0, but no change in the value of the euro.
Title: In the above figure, suppose the value of the European euro is P1 and U.S. demand for French wine ...
Post by: blazeypooh on Mar 2, 2019
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Title: In the above figure, suppose the value of the European euro is P1 and U.S. demand for French wine ...
Post by: regina nana on Mar 2, 2019
Thanks