Which of the following represents the demand for domestic goods?

A) C + I + G
B) C + I + G + X
C) C + I + G - ?IM
D) C + I + G + X + ?IM
E) C + I + G + X - IM/?

E

Economics

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Suppose that when price is $10, quantity supplied is 20 . When price is $6, quantity supplied is 12 units. The price elasticity of supply is:

a. 0.5. b. 0.8. c. 1.0. d. 1.5. e. 2.0.

Economics

Suppose that the exchange rate between the U.S. dollar and the Mexican peso starts out at $0.11 per peso. If the exchange rate then changes to $0.08 per peso, there will be a(n) __________ in the quantity demanded of dollars by Mexicans, and therefore there will be a(n) __________ in the quantity supplied of pesos to the foreign exchange market

A) decrease; decrease B) decrease; increase C) increase; decrease D) increase; increase

Economics