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The graph you are given shows the demand for and supply of South African rand. When the currency moves from R8.60/$ to R9.00/$, what situation
The graph you are given shows the demand for and supply of South African rand. When the currency moves from R8.60/$ to R9.00/$, what situation is created? (Indicate all that apply. Incorrect selections will be penalised.)
1. Excess supply
2. Excess demand
3. Equilibrium
4. Shortage
5. Surplus
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