Answer:
B. Higher interest rates in the United States relative to Canada.
D. Decreasing GDP in the United States than in Canada.
Explanation: A flexible currency market is market where the exchange rate is determined by some economic factors which includes
High interest rate- if the interest rate on the United States is higher than that in Canada most investors will be moved to Borrow money from Canada instead of Borrowing from United States leading to reduced demand for The United States dollar which will lead to depreciation of the United States Dollar.
Decreasing GDP- when the gross domestic product of the United States economy decreases the general productivity level in the United States is decreased which will discourage foreign investors from investing in the United States leading to reduced demand for the United States Dollar.
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Answer:
C. Supply of lobster is greater in summer than in spring .
Explanation:
Demand & supply refer to consumers & producers ability & willingness to buy & sell at given prices respectively .
Demand curve is downward sloping, supply is upward sloping - due to law of demand & law of supply .
Market Equilibrium is where Demand = Supply & the curves intersect . Decrease in demand (Lobsters spring case) generally creates excess supply which leads to competition among sellers and reduces the prices . However if price is increasing despite of demand decrease (Lobsters spring case) , the excess supply due to demand shortage would not have happened due to c) lesser supply in spring. So , decrease in demand off set by decrease in supply also in spring would have led to lobsters' higher price despite of lower demand in spring.
