As the dollar price of a euro falls
A) U.S. residents will purchase fewer French imports.
B) the quantity of euros supplied will increase.
C) French goods will be less expensive to U.S. residents.
D) French residents will increase their purchases of U.S. assets.
C
Economics
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We call a firm a natural monopolist when its LRAC curve ________ when the LRAC intersects the market demand curve.
A. is horizontal B. becomes negative C. is still declining D. is rising
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