Examlex
A devaluation will make exports _____expensive and imports _____ expensive.
Price
The cost of buying a good or service, influenced by different elements like supply and demand dynamics.
Rises
An increase, typically referring to prices, quantities, or levels in an economic context.
Immediate Market Period
The length of time during which the producers of a product are unable to change the quantity supplied in response to a change in price and in which there is a perfectly inelastic supply.
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded, often referred to as the market-clearing price.
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