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The graph shows the demand curve for Canadian dollars. The exchange rate is currently 90 U.S. cents per Canadian dollar. Over time, the exchange rate
The graph shows the demand curve for Canadian dollars. The exchange rate is currently 90 U.S. cents per Canadian dollar. Over time, the exchange rate rises from 90 U.S. cents per dollar to 100 U.S. cents per dollar. Show the effect in the graph. Draw eithera new demand curve or an arrow along the curve showing the direction of change. E) The law of demand for foreign exchange states that other things remaining the same, the the exchange rate, the smaller is the foreign exchange market. 0 A. lower; demand for Canadian dollars 0 B. higher; quantity of Canadian dollars demanded O C. lower; quantity of Canadian dollars demanded O D. higher; demand for Canadian dollars in the Exchange rate (U.S. cents per Canadian dollar) 6 120 G 110 E 20 30 40 50 60 70 80 Quantity (billions of Canadian dollars per day) >>> Draw only the objects specied in the
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