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    New Price of a Kilogram of Kenyan Coffee Beans

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    The table below shows the prices of two goods. Suppose wheat is produced in the U.S. and coffee beans are produced in Kenya.

    KENYAN COFFEE
    exchange rate Price in Kenya Price in US
    1$=75 shillings 150 shillings $2
    $1=60 shillings 150 shillings $????

    Suppose that the exchange rate changes from 75 shillings to 60 shillings per U.S. dollar. What is the new price of a kilogram of Kenyan coffee beans sold in the United States? Express your answer in U.S. dollars

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    https://brainmass.com/economics/exchange-rates/new-price-kilogram-kenyan-coffee-beans-457955

    Solution Preview

    The table below shows the prices of two goods. Suppose wheat is produced in the U.S. and coffee beans are produced in Kenya.

    KENYAN ...

    Solution Summary

    This solution estimated new price of a kilogram of Kenyan coffee beans, showing step-by-step calculations and instructions.

    $2.19