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

question 113

Multiple Choice

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

-An upward-sloping supply curve of Korean won in terms of Canadian dollars indicates that:

• A)the higher the dollar price of Korean won, the more won will be demanded.
• B)the higher the dollar price of Korean won, the fewer won will be supplied.
• C)the lower the dollar price of Korean won, the more won will be demanded.
• D)the lower the dollar price of Korean won, the fewer won will be supplied.
• E)the Korean economy is stronger than the Canadian economy.

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