Exporter to an appreciation of the dollar

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Reference no: EM131180301

All of the following are appropriate responses for a U.S. exporter to an appreciation of the dollar EXCEPT

A. keep the local currency price constant if demand is highly elastic

B. keep the foreign currency price constant if demand is highly elastic

C. raise the foreign currency price if the dollar appreciation was expected to be temporary and the cost of regaining market share was minimal

Reference no: EM131180301

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