How will the exchange rate (foreign currency per dollar)respond to an increase in preference for imported goods in the United States in the long run?

Question

Quizplus · Accepted Answer

An increase in preference for imported goods in the United States will lead to an increase in demand for foreign currencies needed to purchase these goods, causing an increase in the supply of US dollars in foreign exchange markets. This increase in supply would lead to a fall in the value of the US dollar relative to foreign currencies in the long run, making imports more expensive and domestic goods relatively cheaper.

How Will the Exchange Rate (Foreign Currency Per Dollar)respond to an Increase