Good evening please help me with this question from my textbook Q.4.1 Read the excerpt in the textbox and use the information to answer the questionbelow:http://clipart-library.com/citrus-cliparts.htmlAdapted 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.https://www.farmersweekly.co.za/agri-news/south-africa/strong-demand-for-sa-citrus-at-start-of-2020-export-season/[Accessed 19 March 2021].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.

If global demand for citrus fruits produced in South Africa rises, then demand for rand will also…

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

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 20P

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