Question
..With the following information: i) calculate the foreign currency and domestic currency values of exports. Quantity of Exports(units) 1000 Domestic Currency price of exports(Rs) 10
..With the following information:
i) calculate the foreign currency and domestic currency values of exports.
| Quantity of Exports(units) | 1000 |
| Domestic Currency price of exports(Rs) | 10 |
| Exchange rate(PKR/USD) | 155.60 |
ii) what will happen if the exchange rate falls to 145.50. Also explain how this fall will affect exports if the demand is fairly elastic.
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor Lewis Bernard, W.Gordon Filby
2nd Edition
0324015658, 9780324015652
