Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is?

Academy of PakistanTest & Learning

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Academy of PakistanTest & Learning

804Active Users

289EconomicsMedium

AGreater than one

BLess than one

CEqual to one

DZero

Correct answer

C. Equal to one

Explanation

The correct answer is Equal to one.

Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is? - Answer and Explanation | Academy of Pakistan