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Question 1B Questions (a), (b), (c), and (d) refer to the following figure that depicts the market in which Australian dollars are traded for Euros.

Question 1B

Questions (a), (b), (c), and (d) refer to the following figure that depicts the market in which Australian dollars are traded for Euros.

Exchange rate (E/$) S2 S1 C D B A D2 D1 0 Quantity of dollars traded

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