Business, 06.05.2020 02:45 myalee1419

Suppose a French bottle of champagne costs 23 euros. a. If the euro–dollar exchange rate is 0.94 euro per dollar, so that a dollar can buy 0.94 euro, how much will the champagne cost in the United States? Instructions: Enter your response rounded to two decimal places. Price of champagne in the United States: $ . b. If the euro–dollar exchange rate rises to 1.30 euros per dollar, how much will the champagne cost in the United States? Instructions: Enter your response rounded to two decimal places. Price of champagne in the United States: $ . c. If an increase in the euro–dollar exchange rate leads to an increase in Americans’ dollar expenditures on French champagne, what will happen to the amount of dollars supplied to the foreign exchange market as the euro–dollar exchange rate rises? The amount of dollars supplied to the foreign exchange market will .

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Suppose a French bottle of champagne costs 23 euros. a. If the euro–dollar exchange rate is 0.94 eur...

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