Suppose a case of French wine has a price of 1,500 euros.To a U.S.wine importer,its price falls from $300 to $280.This could happen as a result of the dollar ___________ against the euro,which means the euro has a ____________ dollar price.

Question

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The dollar appreciating against the euro means the dollar has gained value, so fewer dollars are needed to buy the same amount of euros, resulting in a lower dollar price for the wine.

Suppose a Case of French Wine Has a Price of 1,500