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German tourists are an important part of Spain's tourism industry. Explain the likely effects that a decrease in the value of the Turkish Lira (the
German tourists are an important part of Spain's tourism industry. Explain the likely effects that a decrease in the value of the Turkish Lira (the currency used in Turkey) will have on German demand for tourism to Spain. Assume that German tourists view Turkey as a substitute destination for Spain. In explanation, be sure to also include whether there would be a shift in the demand curve and if so, what kind of shift.
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