Question: If a supply and demand graph has as its x-axis the value in dollars, and as its y-axis the exchange rate in $/, then the

If a supply and demand graph has as its x-axis the

If a supply and demand graph has as its x-axis the value in dollars, and as its y-axis the exchange rate in $/, then the curve representing demand for dollars by Europeans will be Downward sloping, because as demand rises, the dollar will get less valuable Upward sloping, because as demand rises, the dollar will get more valuable Downward sloping, because as the exchange rate rises, Europeans will be able to buy fewer American goods with the same number of euros Upward sloping, because as the exchange rate rises, Europeans will be able to buy more American goods with the same number of euros

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