What Most Likely Happens When the Price of Yen Falls

question 17

Multiple Choice

What most likely happens when the price of yen falls?

• A) the quantity of yen demanded goes down
• B) the demand curve slopes downward
• C) the demand curve slopes upward
• D) the value of yen fluctuates

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Definitions:

Nondurable Goods

Items that are consumed or are only useable for a short period before they need replacement due to wear or consumption.

Services

Tasks or activities performed by individuals or companies for the benefit of others, typically in exchange for payment, and are intangible in nature.

Disposable Income

Funding available to households for their spending and saving plans post income tax cuts.

Savings

The portion of income that is not spent on consumption but set aside for future use, often in a bank account or investment vehicle.