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You are given the following information: Quantity of exports 600 Domestic currency price of exports 15 Exchange rate (d/f) 1.25 i. Calculate the domestic and

You are given the following information: Quantity of exports 600 Domestic currency price of exports 15 Exchange rate (d/f) 1.25 i. Calculate the domestic and foreign currency currency values of exports. [10 marks] ii. What will happen if the exchange rate falls to 1.10, assuming that the value of the elasticity of demand for exports is -0.2? Provide your final answers to 2 decimal points. [15 marks]

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