Refer to Figure 20.2 for the Following Questions

question 10

Multiple Choice

Refer to Figure 20.2 for the following questions.
Figure 20.2
-Refer to Figure 20.2.Currency speculators believe that the value of the euro will decrease relative to the dollar.Assuming ceteris paribus,how would this be represented?

• A) Supply would decrease, demand would decrease, and the economy moves from B to C to D.
• B) Supply would increase, demand would decrease, and the economy moves from C to B to A.
• C) Supply would decrease, demand would increase, and the economy moves from A to D to C.
• D) Supply would increase, demand would increase, and the economy moves from D to A to B.

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