Question

Elaine owns a small grocery store in the United States. In the store, she sells specialty foods from Europe. Elaine hears a news report saying that the value of the dollar has fallen compared to the euro.

Based on the scenario, which statement is true?

The goods to supply Elaine's store will cost her less.
The goods to supply Elaine's store will cost her more.
Elaine will pay more for the goods that she exports.
Elaine will pay less for the goods that she exports.

Answer 1

Am i right with b? @snowflake0531 @AZ

Answer 2

Because the US dollar has dipped in value, she would have to mark up the price of the goods in her store to account for the net loss

Answer 3

@TETSXPREME am i right with b?

Answer 4

\(\color{#0cbb34}{\text{Originally Posted by}}\) @JamesTDG
Because the US dollar has dipped in value, she would have to mark up the price of the goods in her store to account for the net loss
\(\color{#0cbb34}{\text{End of Quote}}\)
so its b?

Answer 5

Maybe? I am not the guy that knows how the sale of imports work...

Answer 6

yes you are, great work

Answer 7

@SaltTheLoser am i right with b?

Answer 8

omg yes your right

Answer 9

\(\color{#0cbb34}{\text{Originally Posted by}}\) @Shawnte
yes you are, great work
\(\color{#0cbb34}{\text{End of Quote}}\)
are you sure? idk

Answer 10

stop tagging all these people you are correct

Answer 11

you arent searching this up right?

Answer 12

NO

Answer 13

Okay.

Answer 14

thank you.

Answer 15

You're correct

C would have been correct if it said "imports" instead of "exports"

Answer 16

\(\color{#0cbb34}{\text{Originally Posted by}}\) @AZ
You're correct

C would have been correct if it said "imports" instead of "exports"
\(\color{#0cbb34}{\text{End of Quote}}\)
Thank you so much for answering/

Answer 17

No problem!

Answer 18

@AZ Congrats to 99