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Consider the exchange market for the Australian dollar with the U.S. dollar. Determine whether each of the following events will lead to a change in supply or demand for the Australian dollar and whether the Australian dollar will appreciate or depreciate. a. Suppose U.S. consumers experience an increase in income. O Supply of the Australian dollar will decrease. Demand for the Australian dollar will decrease. O Supply of the Australian dollar will increase. O Demand for the Australian dollar will increase. As a result, the Australian dollar will (Click to select) b. There is an increased preference among Australian consumers for U.S produced cars. Demand for the Australian dollar will decrease. O Demand for the Australian dollar will increase. Supply of the Australian dollar will decrease. Supply of the Australian dollar will increase. TH ch As a result, the Australian dollar will (Click to select) c. Consumers and firms in the United States expect the exchange rate to fall next month. O Supply of the Australian dollar will increase. O Demand for the Australian dollar will increase. O Demand for the Australian dollar will decrease. O Supply of the Australian dollar will decrease. As a result, the Australian dollar will (Click to select)

Sagot :

The entire question mentions the Exchange market for the Australian dollar and the US dollar.

1) When U.S. consumers experience an increase in income, demand for the Australian dollar will increase. As a result, the Australian dollar will appreciate a rise in the income of Us consumers. It mentions that the demand for imports from Australia will increase at a higher rate.

2)When there is an increased preference among Australian consumers for U.S produced cars. Demand for the Australian dollar will decrease as only US dollars will get you US produced cars.

3)Consumers and firms in the United States expect the exchange rate to fall next month, if this happens, the demand for US dollars will increase as things will become cheaper which eventually causes the demand for the Australian dollar to decrease.

To know more about the Exchange market,

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