Q.4.1 Read the excerpt in the textbox and use the information to answer the question below: http://clipart-library.com/citrus-cliparts.html Adapted from the Farmer's Weekly. Written by Siyanda Sishuba A strong increase in global demand for citrus has so far been
Q.4.1 Read the excerpt in the textbox and use the information to answer the question below: http://clipart-library.com/citrus-cliparts.html Adapted from the Farmer's Weekly. Written by Siyanda Sishuba A strong increase in global demand for citrus has so far been
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Q.4.1 Read the excerpt in the textbox and use the information to answer the question
below:
http://clipart-library.com/citrus-cliparts.html
Adapted from the Farmer's Weekly. Written by Siyanda Sishuba
A strong increase in global demand for citrus has so far been
evident in the 2020 export season, according to Justin Chadwick,
CEO of the Citrus Growers' Association of Southern Africa.
In a statement, Chadwick said increased global demand for lemons
had resulted in 4,5 million 15kg-equivalent cartons being shipped to
date. This was double the 1,8 million cartons exported during the
same period in 2019.
https://www.farmersweekly.co.za/agri-news/south-africa/strong-demand-for-sa-
citrus-at-start-of-2020-export-season/[Accessed 19 March 2021].
With reference to the excerpt above, and assuming that the majority of the
sales of citrus are going to Europe, explain the impact this increase in the
demand for citrus fruit will have on the rand/euro exchange rate and the value
of the rand.
Use a graph, showing the foreign exchange market in South Africa, to aid your
explanation.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa1dff170-05c0-4524-b2d4-30ebba3f1a28%2F167566ad-6028-47b3-acc1-a825cf9ba848%2F3iuk86g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Q.4.1 Read the excerpt in the textbox and use the information to answer the question
below:
http://clipart-library.com/citrus-cliparts.html
Adapted from the Farmer's Weekly. Written by Siyanda Sishuba
A strong increase in global demand for citrus has so far been
evident in the 2020 export season, according to Justin Chadwick,
CEO of the Citrus Growers' Association of Southern Africa.
In a statement, Chadwick said increased global demand for lemons
had resulted in 4,5 million 15kg-equivalent cartons being shipped to
date. This was double the 1,8 million cartons exported during the
same period in 2019.
https://www.farmersweekly.co.za/agri-news/south-africa/strong-demand-for-sa-
citrus-at-start-of-2020-export-season/[Accessed 19 March 2021].
With reference to the excerpt above, and assuming that the majority of the
sales of citrus are going to Europe, explain the impact this increase in the
demand for citrus fruit will have on the rand/euro exchange rate and the value
of the rand.
Use a graph, showing the foreign exchange market in South Africa, to aid your
explanation.
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