Question
The graph shows the market for dollars in South Africa. You plan to buy 5 new Xbox games consoles on eBay for $450 each.
The graph shows the market for dollars in South Africa. You plan to buy 5 new Xbox games consoles on eBay for $450 each. The bank however advised you the exchange rate changed due to an increase in demand for dollars. The demand curve shifted to D. Complete the sentences below by filling in the blanks with the correct values: At the new exchange rate, the 5 new Xbox games consoles will cost you (appreciated /depreciated) against the dollar. in total Therefore, the rand has Price per dollar (exchange rate) R/$ 10 9 0 " I I I 1 1 D 1 1 1 1 S D1 1 E tu E S D1 - Q Q Quantity of dollars per day (billions)
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The new exchange rate after the shift in demand is R101This means that At the new exchang...Get Instant Access to Expert-Tailored Solutions
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Understanding Business Statistics
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