A depreciating domestic currency is often perceived to be a sign of a(n):

The demand for mansions is elastic because a small percentage change in price results in a large change in quantity demanded

a. True b. False Indicate whether the statement is true or false

The more dollars that must be given up to buy one British pound, the __________ American goods are for the British and the __________ American goods the British will buy; thus __________ dollars will be demanded

A) more expensive; fewer, more B) less expensive; more, more C) more expensive; fewer, fewer D) less expensive; fewer, more E) none of the above