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The US imports avocados from Mexico. Assume the Mexican peso appreciates by 5% against the dollar and then the price of Mexican avocados in the

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The US imports avocados from Mexico. Assume the Mexican peso appreciates by 5% against the dollar and then the price of Mexican avocados in the U.S. also increases by 5%. If this happens, the pass through of the exchange rate change is said to be a. responding to the price change Ob not responding to the price change Occomplete (1006) d. incomplete (less than 100%)

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