Figure 155 Alt Text for Figure 15

question 181

Multiple Choice

Figure 15.5 Alt text for Figure 15.5: In figure 15.5, a graph illustrates the quantity of yuan traded against the exchange rate.
Long description for Figure 15.5: The x-axis is labelled, quantity of yuan traded in millions per day.The y-axis is labelled, exchange rate, Canadian dollar against the yuan.Supply curve S, is a straight line which slopes up from the bottom left corner to the top right corner.Demand curve D, is a straight line which slopes down from the top left corner to the bottom right corner.The curves intersect at point A, (600, 0.13) .Point A, and unmarked points (800, 0.11) , (500, $0.14) , (700, $0.14) , and (400, 0.11) are all connected to their corresponding values on the x and y-axes with dotted lines.
-Refer to Figure 15.5.Suppose the pegged exchange rate is $0.11/yuan.Because of safety concerns and numerous product recalls, U.S.consumers lower their demand for Chinese products.Using the figure above, this would

• A)increase the surplus of Chinese yuan.
• B)decrease the surplus of Chinese yuan.
• C)decrease the shortage of Chinese yuan.
• D)increase the shortage of Chinese yuan.
• E)decrease the value of the Chinese yuan.

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