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Question 2. Assume that the Finnish phone manufacturer, Nokia, sells phones produced in Finland to customers in India. All else constant, if the Indian Rupee

Question 2. Assume that the Finnish phone manufacturer, Nokia, sells phones produced in Finland to customers in India. All else constant, if the Indian Rupee (INR) appreciates significantly in relation to the Euro, what immediate impact does it have on the sales of Nokia and Indian phone manufacturers? Explain why.

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