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Refer to the Graph Shown

Question 103

Multiple Choice

Refer to the graph shown. Refer to the graph shown. If the price of Israeli shekels is $1.10, the quantity of shekels supplied is: A) greater than the quantity demanded. This causes the shekel to gain value. B) less than the quantity demanded. This causes the shekel to gain value. C) greater than the quantity demanded. This causes the shekel to lose value. D) less than the quantity demanded. This causes the shekel to lose value. If the price of Israeli shekels is $1.10, the quantity of shekels supplied is:


A) greater than the quantity demanded. This causes the shekel to gain value.
B) less than the quantity demanded. This causes the shekel to gain value.
C) greater than the quantity demanded. This causes the shekel to lose value.
D) less than the quantity demanded. This causes the shekel to lose value.

Correct Answer:

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