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400 6. You are given the following information: Quantity of imports Foreign currency price of imports Exchange rate (d/f) 20 1.50 Calculate the foreign currency

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400 6. You are given the following information: Quantity of imports Foreign currency price of imports Exchange rate (d/f) 20 1.50 Calculate the foreign currency and domestic currency values of imports. What will happen if the exchange rate falls to 1.20, assuming that the value of the elasticity of demand for imports is -0.1? (2.5 marks)

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