3446EconomicsMedium
If the exchange rate between the UK and Japan changes from £1 = 100 yen to £1 = 150 yen then ceteris paribus, the price of UK goods in Japan?
Awill remain the same
Bwill decrease
Ccould either increase of decrease
Dwill increase
Correct answer
D. will increase
Explanation
The correct answer is will increase.