The price of shoes in japan is yen 1000. when exchange rate is yen=$1/100, the quantity of imports of shoes from japan is 15. today, the exchange rate is yen=$1/200, and the quantity of imports of shoes from japan has risen to 2 what is the elasticity of imports? (use the situation with yen=$1/100 as the starting point)

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.