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Suppose the cost of a car produced in the United States is $12,000. The current exchange rate is US$1 = 60.80. Instructions: Round your answers

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Suppose the cost of a car produced in the United States is $12,000. The current exchange rate is US$1 = 60.80. Instructions: Round your answers to two decimal places. a. What is the cost of the car in euros? b. Suppose the exchange rate changes to US$1 = 60.70. What is the new euro cost of the car? c. At the new exchange rate, the quantity of U.S. cars demanded by those holding euros will likel v (Click to select) decrease increase remain the same

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