A decrease in the dollar price of Mexican pesos makes Mexican goods:
A) less expensive to U.S. buyers and leads to an increase in the demand of pesos by holders of U.S. dollars.
B) more expensive to U.S. buyers and leads to a decrease in the demand for pesos by holders of U.S. dollars.
C) less expensive to U.S. buyers and leads to an increase in the quantity of pesos demanded by holders of U.S. dollars.
D) more expensive to U.S. buyers and leads to a decrease in the quantity of pesos demanded by holders of U.S. dollars.
Correct Answer:
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