Answer to Question #129527 in Macroeconomics for Claydon

Question

A successful government campaign aimed at advertising South Africa as an excellent holiday
destination for European travellers leads to an influx of tourists from Britain.
Graphically illustrate and explain the impact of this increase in tourists on the Rand/ British Pound
exchange rate.
Note: Five marks will be awarded for the graph and five marks for your explanation. The axes on
your graph should reflect the price and quantity of Pounds.

Answer 1

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