The Pakistani rupee’s exchange rate shifts from 60 rupees to US$1 to 50 rupees to US$1. What impact will this have on the price of Pakistani goods sold in the US and the price of US goods sold in Pakistan?
- Aprice of Pakistani products sold in the US: increase; price of US products sold in Pakistan: increase
- Bprice of Pakistani products sold in the US: increase; price of US products sold in Pakistan: decrease
- Cprice of Pakistani products sold in the US: decrease; price of US products sold in Pakistan: increase
- Dprice of Pakistani products sold in the US: decrease; price of US products sold in Pakistan: decrease