Figure 12-1 The Market for Francs in a freely-floating system of exchange rates A graph plots the market for swiss francs with dollars per franc on the y-axis and quantity of francs on the x-axis. An upward sloping supply curve labeled S zero starts at the origin and intersects a downward sloping demand curve labeled D zero at the point (100, 0.20). Refer to Figure 12-1. Should preferences for imports rise in the United States and fall in Switzerland, there would occur a(n) Group of answer choices decrease in the demand for francs and a decrease in the supply of francs-appreciation of the dollar. decrease in the demand for francs and a increase in the supply of francs-depreciation of the dollar. increase in the demand for francs and a decrease in the supply of francs-appreciation of the dollar. increase in the demand for francs and a decrease in the supply of francs-depreciation of the dollar