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The figure given below depicts the demand and supply of Brazilian reals in the foreign exchange market.Assume that the market operates under a flexible exchange rate regime. Figure 22.1 In the figure:
D1 and D2: Demand for Brazilian reals
S1 and S2: Supply of Brazilian reals
Refer to Figure 22.1.Assume that the initial equilibrium exchange rate is 8 Mexican pesos per Brazilian real and 150 brazilian reals are traded in the market.Suppose, there is an increase in the Brazilian demand for Mexican exports.Other things remaining equal, which of the following can be concluded?
Interquartile Range
A measure of statistical dispersion, equal to the difference between the upper and lower quartiles, representing the middle 50% of the data.
Outliers
Data points that significantly differ from other observations in a data set, often indicating measurement error or a novel phenomena.
Range
The difference between the highest and lowest values in a dataset, providing a measure of the data's spread or variability.
Range
The difference between the highest and lowest values in a data set, indicating the spread of values.
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