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Suppose the cost of a car produced in the United States is $15,000. The current exchange rate is US$1 = 0.60. Instructions: Round your

Suppose the cost of a car produced in the United States is $15,000. The current exchange rate is US$1 = 0.60. 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 = 0.55. 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 likely (Click to select)

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