Find the short run percentage change in import expenditure, International Economics

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Find the short run percentage change in import expenditure

Problem

Find the short run percentage change in import expenditure and export revenue with a 5% depreciation when the short run import elasticity is 0.3 and the short run export elasticity is 0.4. Describe what must happen to the trade balance in the short run.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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International Economics: Find the short run percentage change in import expenditure

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International Economics: Find the short run percentage change in import expenditure

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