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QUESTION 1 A successful government campaign aimed at advertising South Africa as an excellent holiday destination for European travellers leads to an influx of tourists

QUESTION 1

A successful government campaign aimed at advertising South Africa as an excellent holiday destination for European travellers leads to an influx of tourists from Britain.

Graphically illustrate and explain the impact of this increase in tourists on the Rand/ British Pound exchange rate.

Note: illustration with graph. The axes on the graph should reflect the price and quantity of Pounds.

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