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The equilibrium exchange rate of Canadian dollars is $0.74. At an exchange rate of $0.77 per Canadian dollar: U.S. demand for CAD would be less

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The equilibrium exchange rate of Canadian dollars is $0.74. At an exchange rate of $0.77 per Canadian dollar: U.S. demand for CAD would be less than the supply of CAD for sale and there would be a surplus of CAD in the foreign exchange market. U.S. demand for Canadian dollars (CAD) would exceed the supply of CAD for sale and there would be a surplus of CAD in the foreign exchange market. OU.S. demand for CAD would exceed the supply of CAD for sale and there would be a shortage of CAD in the foreign exchange market. U.S. demand for CAD would be less than the supply of CAD for sale and there would be a shortage of CAD in the foreign exchange market. U.S. demand for CAD would be equal to the supply of CAD for sale and there would be no shortage of CAD in the foreign exchange market

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