Economics · Economics
A country is advised to devalue its currency if it needs to make its exports more competitive in the foreign market. This is most effective when the demand for its exports is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Relatively less elastic
- 2Unitary elastic
- 3Inelastic
- 4Elastic✓
Correct answer
Elastic
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