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Home Q & A Board Other Fields Homework Help Business Economics
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emyleepatton emyleepatton
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5 years ago


In the above figure, which of the following is a possible explanation for the reduction in the equilibrium value of the European euro from P2 to P1?

• an increase in the price of California wines, assuming that French wines and California wine are substitutes

• a decrease in the price of California wines, assuming that French wines and California wines are substitutes

• an increase in demand for French automobiles

• the European central bank's decision to buy euros on the world market
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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#1
5 years ago
a decrease in the price of California wines, assuming that French wines and California wines are substitutes
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