Suppose that the exchange rate between Japanese yen and U.S. dollars is originally 130 yen to the dollar. If it then changes to 150 yen to the dollar, the price of U.S. goods to Japanese importers will:
a. rise

A business organization owned by a group of people for their mutual benefit:

a. a cooperative b. a labor union c. a limited liability partnership d. a professional organization

Which of the following is an example of the law of supply?

A) The price of gum has increased so producers are making more gum. B) The price of labor has increased and producers decrease supply. C) The amount of a good purchased increases when the price decreases. D) Producers provide less of a good when the price increases.