Refer to the accompanying graph. If the market price for the product falls, then which of the curves would shift?A. MCB. ATCC. A
1 answer:
If the market price for a product falls, the curve that would shift would be the D. Curve D.
<h3>What curve shifts with market price ?</h3>In the given graph, the curve that would shift as a result of a shift in the market price would be the demand curve or D. This is because this demand curve is a horizontal curve which makes it perfectly elastic.
A perfectly elastic curve will change demand when there is a change in market price as more people will be interested in the good or service and try to get more or it.
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Answer:
$3,402.04
Movement helped you
Explanation:
The initial amount of $3,700 when converted to British pounds at a rate of $1:£0.49 yielded:
If the remaining amount was £146, the total spend in dollars is given by:
The amount spent in England in U.S. dollars was $3,402.04.
If the exchange rate was still $1:£0.49, the amount received back would be:
At the new rate of $1:£0.45, the amount received is:
Therefore, the movement in the exchange rate helped you.