Economics · International Trade
According to the Marshall-Lerner condition, devaluation of the domestic currency will help to eliminate a trade deficit if the demand for exports and imports is ________.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Perfectly inelastic
- 2Completely inelastic
- 3More elastic✓
- 4Less elastic
Correct answer
More elastic
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