What happens to the dollar price of tequila from mexico

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Reference no: EM131210195

Assume that the dollar appreciates by 10 percent in terms of the Mexican peso.

Explain what happens to the dollar price of tequila from Mexico after the appreciation.

What happens if the dollar depreciates by 10 percent? Assume the peso price of tequila in Mexico is unchanged.

Reference no: EM131210195

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