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Ceteris paribus, what will happen to the market equilibrium of the exchange rate if foreigners' demand for Gibson guitars increases (Gibson guitars are made in
Ceteris paribus, what will happen to the market equilibrium of the exchange rate if foreigners' demand for Gibson guitars increases (Gibson guitars are made in the United States)?Discuss how the exchange market change, including which curve(s) shift and in what direction along with how both the foreign currency/dollars rate and quantity of dollars will change by noting whether they increase, remain the same, or decrease?
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