Advanced Placement (AP)

Casey Waller

2 October, 03:20

If the Costa Rican government sets the exchange rate at 10 colon per U. S. dollar, then

A. the supply of Costa Rican colones will increase.

B. the supply of Costa Rican colones will decrease.

C. the quantity supplied of Costa Rican colones will decrease.

D. the quantity supplied of Costa Rican colones will increase.

E. the quantity demanded of Costa Rican colones will decrease.