Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Question
Chapter 13, Problem 10E
To determine
Suppose the Fed has a target range for the yen-dollar exchange rates. Determine the way they could keep the exchange rate within the target range if free market forces push the exchange rate out of the range Use a graph to help explain your answer.
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3
Producer Surplus, PS
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Legend
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● Supply
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$9
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a. Indicate the consumer surplus if the market is in equilibrium.
Instructions: Use the tool provided "Consumer Surplus, CS" to shade in the consumer surplus area on the graph.
b. Indicate the producer surplus if the market is in equilibrium.
Instructions: Use the tool provided "Producer Surplus, PS" to shade in the producer surplus area on the graph.
Figure 4-4
PRICE
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P
B
Q
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QUANTITY
Supply
Refer to Figure 4-4. The movement from point A to point B on the graph is called
a decrease in supply.
an increase in supply.
an increase in the quantity supplied.
a decrease in the quantity supplied.
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