Multiple Choice
One difference between foreign and domestic demand for a commodity exported by the United States is that
A) foreign demand is unrelated to the dollar price of the commodity.
B) foreign demand depends on the exchange rate between domestic and foreign currencies.
C) the domestic price elasticity of demand depends on the availability of substitute commodities.
D) foreign-made commodities are not good substitutes for U.S.-made commodities.
Correct Answer:

Verified
Correct Answer:
Verified
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