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Title: Suppose the exchange rate in the year 2010 was 4 yuan per dollar and in 2011 the exchange rate fell Post by: Loraine on Jun 22, 2015 Suppose the exchange rate in the year 2010 was 4 yuan per dollar and in 2011 the exchange rate fell to 3 yuan per dollar. If the price of a Chinese sweater was 120 yuan in both years, the new dollar price in 2011 would be ________ and imports of Chinese sweaters would ________.
A) $40; increase B) $30; decrease C) $40; decrease D) $30; increase E) $40; stay the same because the price stayed the same at 120 yuan Title: Re: Suppose the exchange rate in the year 2010 was 4 yuan per dollar and in 2011 the exchange rate f Post by: Sydnie on Jul 8, 2015 Content hidden
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