Initially, the exchange rate between South Korean won and Tunisian dinar is in equilibrium. Then, there is a decrease in demand for Tunisian dinar. As a result of a decrease in demand for Tunisian dinar, what happens to South Korea's currency in relation to Tunisia's currency
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Ответ:
it appreciates
Explanation:
Exchange rate is the rate at which one currency is exchanged for another currency.
If the demand of the Tunisian dinar decreases, supply of the currency would exceed the demand for the currency. as a result of this, the value of the Tunisian dinar falls , it depreciates and the won appreciates.
Ответ:
1) What is Daniel's budget constraint?
B) 240 = 3Qc + 3Qd.Total budget = 240
Each cake or donut costs 3 each
2) Holding Daniel's income and constant at $240 and $3 respectively, what is Daniel's demand curve for cake?
E. None of the above.240 = 3c + 3d
3c = 240 - 3d
c = 80 - d