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Q5. According to Marshall-Lerner condition, a real depreciation could promote a country's net export in which of the following cases? (a) export elasticity is 1.2

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Q5. According to Marshall-Lerner condition, a real depreciation could promote a country's net export in which of the following cases? (a) export elasticity is 1.2 and import elasticity is -0.1 (b) export elasticity is 0.1 and import elasticity is -0.5 (c) export elasticity is 0.5 and import elasticity is -0.5 (d) export elasticity is 0.7 and import elasticity is -0.2

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