The exchange rate between the dollar and the Swiss franc is $1 = 8 francs,and the price of a Swiss army knife is $5.If the exchange rate changes to $1 = 4 francs,the dollar price of the Swiss army knife ____ to _______.

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When the exchange rate changes from $1 = 8 francs to $1 = 4 francs, it means that the dollar has depreciated relative to the Swiss franc. Originally, if the Swiss army knife costs $5, it would be equivalent to 40 francs (5 * 8). With the new exchange rate, to get the same 40 francs, you now need $10 (40 / 4), meaning the dollar price of the Swiss army knife rises to $10.

The Exchange Rate Between the Dollar and the Swiss Franc