uUAN II | 'r (bums) The dollar appreciates to $1.20 per euro. The supplyr schedule of euros becomes more elastic, as shown by 5'1. The quantity of euros supplied decreases. Referring events that led to the longrun equilibrium The dollar depreciates to $2.00 per euro. exchange The price of U.S. exports increases, and le quantity of U.S. exports demanded decreases. Step 14144