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An iPhone made in the U.S. sells for $287. Suppose the exchange rate of U.S. dollars for euros changes from $1.00 = 0.85 to $1.00

An iPhone made in the U.S. sells for $287. Suppose the exchange rate of U.S. dollars for euros changes from $1.00 = 0.85 to $1.00 = 0.64. What has happened to the cost of the iPhone in the Europ

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