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Suppose that the market for USD is given by the following Supply & Demand: Supply: Q-3p Demand: Q-16.p Suppose then that there is an increase

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Suppose that the market for USD is given by the following Supply & Demand: Supply: Q-3p Demand: Q-16.p Suppose then that there is an increase in the demand for USD at any given exchange rate of +6 quantity of currency What is the change in the price of CAD? Note here - this is asking for the change in the price of CAD not USD. The above information will allow you tonsolve for the price of USD - you will need to use this. Note: Please round your answer to three decimal places. Enter any decline in price as a negative number. (For example, price declining by $2.20 is given by -2.20). Suppose that the market for USD is given by the following Supply & Demand: Supply: Q-3p Demand: Q-16.p Suppose then that there is an increase in the demand for USD at any given exchange rate of +6 quantity of currency What is the change in the price of CAD? Note here - this is asking for the change in the price of CAD not USD. The above information will allow you tonsolve for the price of USD - you will need to use this. Note: Please round your answer to three decimal places. Enter any decline in price as a negative number. (For example, price declining by $2.20 is given by -2.20)

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