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The Trade Balance and the Exchange Rate
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The Trade Balance and the Exchange Rate
The Input Parameters:
Price Elasticity of Demand for Imports
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
2.0
Price Elasticity of Demand for Exports
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
2.0
Original Quantity of Imports (£)
0
2
4
6
8
10
12
14
16
18
20
Original Quantity of Exports (£)
0
2
4
6
8
10
12
14
16
18
20
Percentage change in the Exchange Rate (%)
-20
-18
-16
-14
-12
-10
-8
-6
-4
-2
0
2
4
6
8
10
12
14
16
18
20
