Figure 1510 Alt Text for Figure 15

question 194

Multiple Choice

Figure 15.10 Alt text for Figure 15.10: In figure 15.10, a graph illustrates the quantity of yuan traded against the exchange rate.
Long description for Figure 15.10: 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 15.10.Suppose the pegged exchange rate is $0.14/yuan and Canadian consumers increase 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)increase the quantity of yuan supplied at the pegged rate.

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Definitions:

International Anti-Dumping

Measures and agreements designed to prevent companies from exporting goods at prices lower than their home market prices, which can harm the importing country's industries.

Fair Competition Act

Legislation aimed at ensuring a level playing field among businesses by preventing monopolies and promoting healthy competition.

Traditions

Customs or beliefs passed from generation to generation, often forming an integral part of a culture or community identity.

Purchase Behaviors

Refers to the decision-making processes and actions of consumers regarding the search for, selection, purchase, use, and disposal of goods and services.