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Jbranson87 Jbranson87
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A year ago

Suppose that the exchange rate between the U.S. dollar and the Mexican peso starts out at $0.11 per peso.  If the exchange rate then changes to $0.08 per peso, there will be a(n) __________ in the quantity demanded of dollars by Mexicans, and therefore there will be a(n) __________  in the quantity supplied of pesos to the foreign exchange market.



▸

decrease; decrease



▸

decrease; increase



▸

increase; decrease



▸

increase; increase

Textbook 
Economics

Economics


Edition: 12th
Author:
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rpascuarpascua
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