2. Assume that the United States is currently exporting 10 million calculators at a price of $10 apiece and importing .002 million BMWs at a price of 100,000 euros apiece, and that the current exchange rate is 50 cents per euro. Calculate in a table the effect of a 10 percent devaluation of the dollar on each of 12 variables under each of four sets of assumptions about the elasticities (assuming infinitely elastic supply and no income effects). Round off. BEHURE THE DEVALUATION AFTER THE ?Uy0 DEVALUATION (b) c (d) (e) Export Elasticity: 0 | | 1 | Import Elasticity: 0 0 (1) Export quantity (2) Import quantity 10m 002m $10 (3) Export price (5) Export earnings (7) Trade balance (8) Export price (10) Export earnings (12) Trade balance Expressed(4) Import price in (6) Import spending Expressed9) Import price 100,000 euros in euros (11) Import spending