22. Use the figure to answer the question. A Price Price Supply Supply New price Old price Old price New price New demand Old *Old demand demand *New demand Old New quantity quantity Quantity New Old Quantity quantity quantity D Now supply Price Price Ayddns pio Ayddns pio New New price Old price Kjddns Old price New price Demand Demand Old New quantity quantity Quantity man PIO quantity quantity Quantity The Canadian dollar has weakened against the US dollar, meaning that it takes more Canadian dollars to purchase a US dollar. What will happen to the supply of Canadian goods that use inputs made in the US? Choose the graph that correctly depicts your answer.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

22

22. Use the figure to answer the question.
A
B
Price
Price
Supply
Supply
B
New
price
Old
price
Old
price
New
price
New
demand
Old
Old
demand
demand
*New demand
Old
New Quantity
New
Old
Quantity
quantity quantity
quantity quantity
D
Price
New supply
Price
Old supply
Old supply
New
New
price
Ayddns
Old
price
Old
price
New
price
Demand
Demand
New
Old
Quantity
Old
New
Quantity
quantity quantity
quantity quantity
The Canadian dollar has weakened against the US dollar, meaning that it takes more Canadian dollars to
purchase a US dollar. What will happen to the supply of Canadian goods that use inputs made in the US?
Choose the graph that correctly depicts your answer.
a. Graph D
b. Graph B
c. Graph A
d. Graph C
Transcribed Image Text:22. Use the figure to answer the question. A B Price Price Supply Supply B New price Old price Old price New price New demand Old Old demand demand *New demand Old New Quantity New Old Quantity quantity quantity quantity quantity D Price New supply Price Old supply Old supply New New price Ayddns Old price Old price New price Demand Demand New Old Quantity Old New Quantity quantity quantity quantity quantity The Canadian dollar has weakened against the US dollar, meaning that it takes more Canadian dollars to purchase a US dollar. What will happen to the supply of Canadian goods that use inputs made in the US? Choose the graph that correctly depicts your answer. a. Graph D b. Graph B c. Graph A d. Graph C
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