The claim that the quantity of euros demanded by U.S.consumers will fall when the price of euros in terms of U.S.dollars rises is best referred to as:

Question

Quizplus · Accepted Answer

The statement refers to the law of demand, which states that the quantity demanded of a good or service will decrease as its price increases, all other factors being equal. In this case, U.S. consumers demand euros, and the higher price of euros in terms of U.S. dollars will lead to a decrease in the quantity of euros demanded by U.S. consumers.

The Claim That the Quantity of Euros Demanded by U