A. demand for imports is elastic
B. demand for imports is inelastic
C. supply of exports is elastic
D. demand for exports is inelastic
Correct Answer:
Option A – demand for imports is elastic
A. demand for imports is elastic
B. demand for imports is inelastic
C. supply of exports is elastic
D. demand for exports is inelastic
Correct Answer:
Option A – demand for imports is elastic
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