Refer to Figure 20.4 for the Following Questions

Multiple Choice

Refer to Figure 20.4 for the following questions.
Figure 20.4
-Which of the following would cause the change depicted in Figure 20.4? Note that the figure depicts the quantity of euros traded.

A) European productivity rises relative to Australian productivity.
B) Japanese decrease their preferences for goods produced in the EU relative to Australian goods.
C) The EU increases its quotas on German wrist watches.
D) The price level of goods produced in the EU increases relative to the price level of goods produced in Australia.