In an Attempt to Reduce Poaching of Elephant Ivory Tusks

question 91

Essay

In an attempt to reduce poaching of elephant ivory tusks, officials in Kenya burned illegally gathered ivory. Using your understanding of shifts in supply and demand, will this turn out to be a helpful or hurtful move on the Kenyan government's part?

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, facilitating international trade and finance by determining how much one currency is worth in terms of the other.

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An agreed upon rate for a financial transaction that will occur at a future date.

Canadian Dollar

The official currency of Canada, represented by the symbol $ or C$ to distinguish it from other dollar-denominated currencies.

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