Suppose that the exchange rate between the U.S. dollar and the Mexican peso starts out at $0.11 per peso.If the exchange rate then changes to $0.08 per peso, there will be a(n) __________ in the quantity demanded of dollars by Mexicans, and therefore there will be a(n) __________in the quantity supplied of pesos to the foreign exchange market.

Group of answer choices

decrease; decrease

decrease; increase

increase; decrease

increase; increase