Answer to Question #231931 in Microeconomics for kiddo

Question

There has been a decrease in the quantity of exports from South Africa to the United States of America due to various reasons.

Explain, with the use of a graph, the impact this had on the demand and supply of dollars and the exchange rate in South Africa

Answer 1

Based on the quantity decrease, the demand increases as the supply decreases. Exchange rate in South Africa will reduce based on the reduction within the market.