Business, 18.10.2019 21:20 cuthbertson157
In munich, a bratwurst costs 5 euros; a hot dog cots $4 at boston’s fenway park. at an exchange rate of $1.05/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 deprecates to $1.25/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 cots $4 at boston’s fenway park. at an exchange rat...
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