Business, 14.04.2020 15:56 fluffpupkiki

Suppose that an American-made pair of blue jeans has a price of $80. If the exchange rate is $0.095 = 1 peso, then a Mexican consumer would have to pay approximately pesos to purchase the blue jeans, but if the exchange rate is $0.085 = 1 peso, then a Mexican consumer would have to pay pesos to purchase the blue jeans.

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Suppose that an American-made pair of blue jeans has a price of $80. If the exchange rate is $0.095...

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