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Suppose consumers in neighboring Asian countries suddenly developed a strong taste for one of your exported food product. Answer the following questions in words and
Suppose consumers in neighboring Asian countries suddenly developed a strong taste for one of your exported food product. Answer the following questions in words and using a diagram.
A.What happens to the demand for your currency in the foreign-currency exchange ?
B. What happens to the value of of your currency in the market for foreign currency exchange?
C. What happens to the quantity of exports?
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