Question One: Using shifts in supply and demand curves, describe how a change in the exchange rate affected your industry in a hospital setting. Label the axes, and state the geographic, product, and time dimensions of the demand and supply curves you are drawing. Explain what happened to the 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?
Question 2: Describe how a change in the exchange rate affected your hospital. 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?