What is the price of a bratwurst in terms of a hot dog

Reference no: EM131134826

In Munich a bratwurst costs 5 euros; a hot dog costs at Boston's Fenway Park. At an exchange rate of , what is the price of a bratwurst in terms of a hot dog? All else equal, how does this relative price change if the dollar depreciates to $1.25per euro? Compared with the initial situation, has a hot dog become more or less expensive relative to a bratwurst?

Reference no: EM131134826

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