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Question: Suppose US college students, studying in France during the summer term, wish to remain in the country an extra two weeks and purchase train on the Indian Pacific rail line tickets in order to travel from Sydney to Adelaide and Perth during this extra stay in the country. Explain what happens in terms of supply and demand for

(a) US dollar and for

(b) Australian dollars?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92586848

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