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Refer to the graph below. Suppose the European Union wants to increase the value of its currency to $1.75 per euro. $2.00 $1.75 $1.50 Price

Refer to the graph below. Suppose the European Union wants to increase the value of its currency to $1.75 per euro.

$2.00 $1.75 $1.50 Price of euros (in dollars) $1.25 $1.00 $0.75 $0.50 $0.25 D 100 200 300 400 500 600 700 Quantity of euros

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