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Suppose a country devalues its currency. If the country's demand for imports is ______, the price increase resulting from the devaluation results in a relatively

  1. Suppose a country devalues its currency. If the country's demand for imports is ______, the price increase resulting from the devaluation results in a relatively small decrease in the volume of imports, causing to total import expenditures to increase.
a. relatively inelastic
b. relatively elastic
c. unit elastic
d.

perfectly elastic

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