Paper three type question on TOT

IB Economics: Paper three type question on TOT

This page contains a paper three type question designed to compliment the previous pages on the balance of payments. This should be completed in around 30 minutes.1. The currency of Zambia is the Kwacha (KW). Demand for the KW is calculated by the function:Qd = 4610 – 100P, while the annual supply is given by the functionQs = 4580 + 200PP is the price of the KW in terms of Euros (Euros/KW), while Qd represents quantity...

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