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The exchange rate changes from R10=$1 to R12=$1. Which of the following statements are correct? [1] The price that South Africans have to pay for

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The exchange rate changes from R10=$1 to R12=$1. Which of the following statements are correct? [1] The price that South Africans have to pay for maize imported from the US will now be higher than before the change in the exchange rate. [2] The price that South African has to pay for maize imported from the US will now be lower than before the change in the exchange rate [3] The price that American have to pay for maize imported from South Africa will now be higher than before the change in the exchange rate. [4] The price that American have to pay for maize imported from South Africa will now be lower than before the change in the exchange rate. Select one: a. only 2 and 3 are correct be only 2 and 4 are correct 0. on|y1 and 3 are correct d. only 'I and 4 are correct Question 1 9 Not yet answered Marked out of 2.00 \\V Flag

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