Explain likely effect that decrease in value of turkish lirs, Macroeconomics

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Explain likely effect that decrease in value of turkish lirs

Problem

German tourists are an important part of Spain's tourism industry. Explain the likely effects that a decrease in the value of the Turkish Lira (the currency used in Turkey) will have on German demand for tourism to Spain. Assume that German tourists view Turkey as a substitute destination for Spain. In explanation, be sure to also include whether there would be a shift in the demand curve and if so, what kind of shift.

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Macroeconomics: Explain likely effect that decrease in value of turkish lirs

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