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In Course: ECON 102/LECT/B-2 X M Question 6 - Assignment # & X M eBooks - My Bookshelf X 11.2 Flexible Exchange Rates x Course
In Course: ECON 102/LECT/B-2 X M Question 6 - Assignment # & X M eBooks - My Bookshelf X 11.2 Flexible Exchange Rates x Course Hero X + G go ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%25... * New Chrome available : Netflix o Mail - Jenna McKe... In Keyano College iL... ATB Welcome to ATB O... McGraw Hill Conn... M My Bookshelf All Bookmarks Assignment # 8 i Saved Help Save & Exit Submit Check my work 6 Given below is a hypothetical graph for the Canadian dollar with a fixed exchange rate of 1 2.0 Tools 1.8 1.6 X S2 Price of $1 Canadian in $U.S. 0.4 0.2 0 120 240 360 480 600 Quantity of Canadian dollar per day (billions) Mc Graw HillIn Course: ECON 102/LECT/B-2 X M Question 6 - Assignment # & X M eBooks - My Bookshelf X 11.2 Flexible Exchange Rates x Course Hero X + G go ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%25... * New Chrome available : Netflix o Mail - Jenna McKe... In Keyano College iL... ATE Welcome to ATB O... McGraw Hill Conn... M My Bookshelf All Bookmarks Assignment # 8 i Saved Help Save & Exit Submit Check my work 6 a. What is the equilibrium quantity of Canadian dollars traded? $ billion. b. If the supply of Canadian dollars increases by 180, draw in the new supply curve labelled S2. On the graph above, plot only the endpoints of the curve. c. What is the quantity demanded of Canadian dollars after the shift? Quantity demanded: $ billion. d. What is the quantity supplied of Canadian dollars after the shift? $ billion. e. What would be the exchange rate after the shift if it were flexible? Round your answer to 1 decimal place. Mc Graw Hill
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