Q. A fall in the value of the pound is likely to decrease spending on imports if: (Solved)
1. The price elasticity of demand for imports is price elastic
2. The price elasticity of demand for imports is price inelastic
3. The price elasticity of demand for imports has a unit price elasticity
4. The price elasticity of demand for exports is price elastic
- a. The price elasticity of demand for imports is price elastic