4 15 National Currency Of A Country Z Is Devaluated By 25 The Coefficient Of Price Elasticity Of Exports Demand E 1 (24.52 KiB) Viewed 41 times
international economics
4. (15%) National currency of a country Z is devaluated by 25%. The coefficient of price elasticity of exports demand (EpX) is estimated as 0.4, the coefficient of price elasticity of imports demand (EpM) is supposed to equal 0.2. Find whether the devaluation will improve the trade balance of the country.
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