Suppose that the current canadian dollar (cad) to u.s., Ask an Expert

Economics

Suppose that the current Canadian dollar (CAD) to U.S. dollar exchange rate is $0.8 CAD = $1 U.S. and that the U.S. dollar price of an Apple iPhone is $280.

What is the Canadian dollar price of an iPhone?

What is the new Canadian dollar price of an iPhone?

Other things equal, would you expect Canada to import more or fewer iPhones at the new exchange rate?

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International Economics, Economics

Category:- International Economics
Reference No.:- M9688350

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