The Following Question Are Based on the Following Diagrams, Showing

question 7

Multiple Choice

The following question are based on the following diagrams, showing the demand and supply of U.S. dollars in terms of Danish krone. For all cases D₀ and S₀ are initial demand and supply and D₁ and S₁ are new demand and supply. Assume an initial exchange rate of 9 krone to $1.

-Which diagram best reflects the effect of a decrease in U.S.tourism in Denmark?

• A) A
• B) B
• C) C
• D) D
• E) E

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Definitions:

Fixture

A thing that was originally personal property and that has been actually or constructively affixed to the soil itself or to some structure legally a part of the land.

Abandoned Property

Property that is left by its owner who has no intention of returning or claiming ownership.

Producing

The act of creating, manufacturing, or otherwise bringing into existence a product or service.

Inheriting

The process by which assets, traditions, or genetic traits are received from predecessors or relatives after their death.