Refer to the graph shown. If the price were at the market equilibrium price, the total surplus would be equal to:

If the dollar appreciates against the Mexican peso,

A) U.S. exports to Mexico become less expensive. B) U.S. exports to Mexico become more expensive. C) Mexican imports to the U.S. become more expensive. D) The value of Mexican imports to the United States does not change.

The exchange rate changed from € 2.5/ $ to € 2.0/ $. Therefore:

a. The euro appreciated by 25% and the dollar depreciated by 25%. b. The euro depreciated by 25% and the dollar appreciated by 25%. c. The euro appreciated by 20% and the dollar depreciated by 25%. d. The euro appreciated by 25% and the dollar depreciated by 20%. e. The euro depreciated by 25% and the dollar appreciated by 20%.