Author Question: Suppose the peso-dollar foreign exchange rate changes from 50 pesos per dollar to 30 pesos per ... (Read 252 times)

tfester

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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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Answer to Question 1

A

Answer to Question 2

C



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