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Business, 22.08.2019 17:30 sbush1412

In munich a bratwurst costs 5 euros, a hot dog costs $4 at boston’s fenway park. at an exchange rate of $1.05/per euro, what is the price of a bratwurst in terms of a hot dog? all else equal, how does this relative price change if the dollar depreciates to $1.25 per euro? compared with the initial situation, has a hot dog become more or less expensive relative to a bratwurst?

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In munich a bratwurst costs 5 euros, a hot dog costs $4 at boston’s fenway park. at an exchange rate...
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