The Figure Above Shows the Demand Curve for Dollars in the Foreign

The figure above shows the demand curve for dollars in the foreign exchange market.
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When the exchange rate between the U.S. dollar and the euro changes from 1.07 euros per dollar to
0.93 euros per dollar, then the

A) U.S. dollar has depreciated against the euro.
B) U.S. dollar has appreciated against the euro.
C) euro has depreciated against the euro.
D) U.S. dollar has depreciated against the dollar.
E) euro has depreciated against the dollar.