According to the Marshall-Lerner Condition, a Currency Devaluation Will Be

Multiple Choice

According to the Marshall-Lerner condition, a currency devaluation will be successful in improving a country's trade balance if the

A) sum of the elasticities of supply is more than 1.
B) sum of the elasticities of supply is less than 1.
C) sum of the elasticities of demand is more than 1.
D) sum of the elasticities of demand is less than 1.