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In 2010, Eyjafjallajokull (a volcano in Iceland) erupted and created a dangerous ash cloud over Northern Europe. This led to major travel disruptions, and tourism
In 2010, Eyjafjallajokull (a volcano in Iceland) erupted and created a dangerous ash cloud over Northern Europe. This led to major travel disruptions, and tourism to Iceland immediately fell by 30%. This included Canadian tourists, some of whom cancelled their plans to visit Iceland. Which would have happened in the market for the Canadian dollar? a. an increase in the supply of the Canadian dollar b. no change in the supply for the Canadian dollar c. a decrease in the supply of the Canadian dollar d. an increase in the demand for the Icelandic krona
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