If the Canadian dollar price of a euro increases from $1.00 to $1.10, then, everything else held constant, ________.

Question

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When the Canadian dollar price of a euro increases, it means that it takes more Canadian dollars to purchase one euro. Therefore, a European vacation becomes more expensive as Canadians need to spend more Canadian dollars to purchase the same amount of euros needed for their trip.

If the Canadian Dollar Price of a Euro Increases from $1.00