how-might-an-appreciation-of-the-domestic-currency-affect-consumer-behavior-in-t

Question

How might an appreciation of the domestic currency affect consumer behavior in terms of purchasing foreign goods?

Accepted Answer

Consumers may purchase more foreign goods due to lower costs.

Answer

Consumers will switch to domestic goods regardless of cost.

Answer

Consumers may purchase fewer foreign goods due to higher costs.

Answer

Consumer behavior will remain unchanged.