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4. (15%) National currency of a country N is devaluated by 20%. The coefficient of price elasticity of exports demand (E
Posted: Sun Jun 05, 2022 11:31 am
by answerhappygod
- 4 15 National Currency Of A Country N Is Devaluated By 20 The Coefficient Of Price Elasticity Of Exports Demand E 1 (15.32 KiB) Viewed 34 times
4. (15%) National currency of a country N is devaluated by 20%. The coefficient of price elasticity of exports demand (EpX) is estimated at 1.4 while the coefficient of price elasticity of imports demand (EPM) is supposed to equal 0.7. Find whether the devaluation will improve the trade balance of the country.