TOT, IMPORTS & LDCs With falling export prices, the price of imports has risen relative to the price of exports.
{"Image DocumentName": "TOT, IMPORTS & LDCsWith falling export prices, the price of imports has risen relative to the price of exports.", "Image ImageDescription": "The goods that developing countries need to import are necessities such as components and other capital goods. As these goods are available domestically and are required for economic growth demand for them is inelastic. A rise in import prices when demand for imports is inelastic results in an increase in import expenditure.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}