Question
The price of a Porsche is 60,000 euros, and the price of a Corvette is $60,000. The exchange rate is $1 dollar to 1 euro.
The price of a Porsche is 60,000 euros, and the price of a Corvette is $60,000.
The exchange rate is $1 dollar to 1 euro.
If the exchange rate changes and $1 is equal to 0.90 euros:
What is the price in euros of a Porsche in Germany?
What is the price in US dollars of that Porsche in the U.S.?
What is the price in Euros of the Corvette in Germany?
What is the price of the Corvette in dollars in the U.S.?
What happens to the quantity of Porsche cars demanded in Germany?
What happens to the quantity of Porsche cars demanded in the U.S?
What happens to the quantity of a Corvette demanded in the U.S.?
What happens to the quantity of a Corvette demanded in the in Germany?
What happens to overall net exports in the U.S.?
What happens to overall net exports in Germany?
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