The Figure Below Shows the Demand (D) and Supply (S)

question 128

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-Suppose the official gold value of the Brazilian real changes from 457 reals per ounce to 528 reals per ounce. We can then say that:

• A)the Brazilian real has been devalued.
• B)the Brazilian economy is expected to experience rapid inflation.
• C)gold has been devalued.
• D)the Brazilian real has appreciated in value.
• E)gold is now cheaper to purchase in Brazil than it was before.

---

Definitions:

Back and Forth

A repeated movement or discussion going in one direction and then in the opposite direction.

Points

Main ideas, arguments, or pieces of information presented or considered in a discussion or analysis.

Subordinated

The act of placing someone or something in a lower rank or position, or making them of less importance or priority.

Wedding Ring

A ring symbolizing marriage, traditionally worn on the base of the left ring finger to signify marital commitment and love.