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Author Question: Suppose the peso-dollar foreign exchange rate changes from 50 pesos per dollar to 30 pesos per ... (Read 201 times)

tfester

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on: Jun 29, 2018
Suppose the peso-dollar foreign exchange rate changes from 50 pesos per dollar to 30 pesos per dollar. Then the peso has ________ against the dollar and the dollar has ________ against the peso.
 
  A) appreciated; depreciated
  B) appreciated; appreciated
  C) depreciated; appreciated
  D) depreciated; depreciated

Question 2

When the quantity of coal is measured in kilograms instead of pounds, the demand for coal becomes
 
  A) more elastic.
  B) less elastic.
  C) neither more nor less elastic.
  D) undefined.


fur

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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tfester

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Reply #2 on: Jun 29, 2018
Thank you


fur

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Reply #3 on: Jun 29, 2018
No problemo


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