The problem I am trying to answer is how has it affected the responsiveness of Canadian maple syrup supply changes in US prices. In regards what is the price of maple syrup in CAD before and after the change in the value of the Canadian dollar. I have attached the first part of the question that I have answered already but need to check my answer on this one as it is hard to understand. I got a new supply curve and added it to my graph as well but do not understand this part.
The problem I am trying to answer is how has it affected the responsiveness of Canadian maple syrup supply changes in US prices. In regards what is the price of maple syrup in CAD before and after the change in the value of the Canadian dollar. I have attached the first part of the question that I have answered already but need to check my answer on this one as it is hard to understand. I got a new supply curve and added it to my graph as well but do not understand this part.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The problem I am trying to answer is how has it affected the responsiveness of Canadian maple syrup supply changes in US prices. In regards what is the
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