If the Price of New Automobiles Rises in the U

question 77

Multiple Choice

If the price of new automobiles rises in the U.S.market while prices remain unchanged in foreign markets,

• A) foreign firms will want to export fewer automobiles to the United States
• B) foreign firms will want to export more automobiles to the United States
• C) foreign firms will not change their exports to the United States since it is a different market
• D) U.S.firms will want to export more automobiles to foreign markets
• E) U.S.firms will not change their exports to foreign markets unless foreign prices also change

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