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a. foreign demand is unrelated to the dollar price of the commodity.
b. foreign demand depends on the exchange rate between domestic and foreign currencies.
c. the domestic price elasticity of demand depends on the availability of substitute commodities.
d. foreign-made commodities are not good substitutes for U.S. made commodities.
(B) Thank You.
b. foreign demand depends on the exchange rate between domestic and foreign currencies.
correct answer
BBBBBBB
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My answer is an option (B)
I choose option b ....................................................................
that's is B ______________________________________________
b........................................................................................
other factors may also be involved but the exchange rate is major factor of change
My answer is c which is true that domestic demand also depends on prices of substitute products.
a is not true.
B does not depend on this due to various other factors.
d is not true as it cannot be generalized and depends on product to product. In fact more and more products being imported into USA as goods are extremely cheaper and many times betetr that us products. For example Toyota proved to be better than General Motors and many other American brands.
