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begin{tabular}{lr} hline Initial spot exchange rate ($/fc) & 2.1445 Price of exports, dollars ($) & 19.08 Price of imports, foreign currency (fc) &

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\begin{tabular}{lr} \hline Initial spot exchange rate (\$/fc) & 2.1445 \\ Price of exports, dollars ($) & 19.08 \\ Price of imports, foreign currency (fc) & 12.08 \\ Quantity of exports, units & 100 \\ Quantity of imports, units & 120 \\ Percentage of devaluation of the dollar & 20% \\ Price elasticity of demand, imports & 0.9 \\ \hline \end{tabular} Trade Deficits and J-Curve Adjustment Paths. Assume the United States has the following inport/export volumes and prices: It undertakeil a major "devaluacion" of the dolar, tsiny 20\%s on average against all major trading partner currencies. What is the pre-devaluation and post-dovatialicen trade baianco?. What is the pre-duraination trede bnlanoe? The revenues from exportus are: (Round to the nowest cent)

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