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Recently, the yen price of Japanese steel has increased by 10% (to 11,000 yen) relative to the dollar price of American steel (unchanged at $100).

Recently, the yen price of Japanese steel has increased by 10% (to 11,000 yen) relative to the dollar price of American steel (unchanged at $100). By what amount must the dollar increase or decrease in value for the law of one price to hold true? a. 10,900 yen 10.1.100 yen 1.100 yen d. 10 yen

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