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Teach Cambridge IGCSE?

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  • Mark

    Site author
    12 Nov 2026

    Either works Anna to be honest, it could be be quantity of euros or the number of euros relative to $s given that the activity shows the depreciation/revaluation is relative to the $.

    The market for foreign exchange

  • Mark

    Site author
    12 Nov 2026

    Thank you Michael, I have switched that now.

    Unit 2.11: Market power (HL only)

  • Anna

    12 Nov 2026

    Hello! Can you explain the labelling of diagrams in the activity 2? Why is the horizontal axis labelled as quantity of euro over dollars? If this is a market for euros, should not it be just quantity of euros? 

    The market for foreign exchange

  • Alexandru

    12 Nov 2026

    Under "Price inelastic supply", before "Determinants of price elasticity of supply", the following paragraph is presented: "This means that for every 1% increase in the price of cement, the quantity supplied increases by 0.4%. This is a price-elastic...

    Unit 2.6: Price elasticity of supply (PES)

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