If a good were priced at 15 euros in Germany when the exchange rate between the dollar and the euro went from 1.5 euros equal $1.00 to 2.0 euros equal $1.00, the price of that good in U.S. dollars would:
A) increase by $0.50.
B) increase by $7.50.
C) decrease by $2.50.
D) decrease by $3.75.
Correct Answer:
Verified
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