Good day please help with this question for economics Question 4These questions require application of economic theory. They might include calculations and/orthe drawing of graphs. Answer ALL the questions.Q.4.1 Read the excerpt in the textbox and use the information to answer the questionbelow:Adapted from the Farmer's Weekly. Written by Siyanda SishubaA strong increase in global demand for citrus has so far beenevident in the 2020 export season, according to Justin Chadwick,CEO of the Citrus Growers' Association of Southern Africa.In a statement, Chadwick said increased global demand for lemonshad resulted in 4,5 million 15kg-equivalent cartons being shipped todate. This was double the 1,8 million cartons exported during thesame period in 2019.With reference to the excerpt above, and assuming that the majority of thesales of citrus are going to Europe, explain the impact this increase in thedemand for citrus fruit will have on the rand/euro exchange rate and the valueof the rand.Use a graph, showing the foreign exchange market in South Africa, to aid yourexplanation.

Export and Import has direct impact on the value of exchange rate.

Answered: Q.4.1 Read the excerpt in the textbox…

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 3PA

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