I work for a family owned retail store that sells normal and plus size clothing for all occasions. They donÃ¢â‚¬â„¢t currently buy any clothes outside of the United States. They get their clothes through trade shows, smaller regional and specialty shows, online wholesales, and other local places like vintage shops and thrift stores. IÃ¢â‚¬â„¢ve posted this question once before and got the same answer that was given to two other people on the this site. Can you please help me with this in reference to my the field that I work in? Nothing that has generic information, but something that specific to retail and clothes please. Also can the supply and demand curve show actual retail clothing data? Thanks in advance!
G11-1 Exchange Rate Effects on Industry
Using shifts in supply and demand curves, describe how a change in the exchange rate affected your industry. Label the axes, and state the geographic, product, and time dimensions of the demand and supply curves you are drawing. Explain what happened to industry price and quantity by making specific references to the demand and supply curves. How can you profit from future shifts in the exchange rate? How do you predict future changes in the exchange rate?
G11-2 Exchange Rate Effects on Your Firm
Describe how a change in the exchange rate affected your firm. Explain what happened to your price and quantity. How can you profit from future shifts in the exchange rate? How do you predict future changes in the exchange rate?
1DiscussionG11-1 Exchange Rate Effects on IndustryGenerally, exchange rate alludes to the value of one currency compared to anothercurrency within a certain period of time. Basically, it…
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