If Americans develop a greater appreciation for Mexican-made goods, we should observe the following change in the dollar-peso market:

Question

Quizplus · Accepted Answer

When Americans develop a greater appreciation for Mexican-made goods, they will demand more of these goods. To purchase these goods, they need pesos, which means they will supply more dollars to get pesos, shifting the supply curve of dollars to the right.

If Americans Develop a Greater Appreciation for Mexican-Made Goods, We