All of the following are appropriate responses for a U.S. exporter to an appreciation of the dollar EXCEPT
A) raise the foreign currency price if the dollar appreciation was expected to be temporary and the cost of regaining market share was minimal
B) move some production offshore if the appreciation were expected to persist for an extended period
C) keep the foreign currency price constant if demand is highly elastic
D) keep the local currency price constant if demand is highly elastic
Correct Answer:
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