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Home / Questions / In March 2008, the euro/dollar exchange rate was €1 = $1.50. By November, the dollar had s

In March 2008, the euro/dollar exchange rate was €1 = $1.50. By November, the dollar had s

In March 2008, the euro/dollar exchange rate was €1 = $1.50. By November, the dollar had strengthened to €1 = $1.25. Assume that a European luxury goods marketer cuts the price of an $8,000 tweed suit by 10 percent to maintain holiday sales in December. How will revenues be affected when dollar prices are converted to euros?

Nov 27 2019 View more View Less

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