Suppose that the initial exchange rate between the French Franc (FF) and the Deutschmark (DM) is 1DM = 2FF, and that the European Community set the price floor for 1 kilo of apples at 5DM/10FF.
Everything else being equal, if the value of the FF decreases to 1DM = 3 FF :

Question

Suppose that the initial exchange rate between the French Franc (FF) and the Deutschmark (DM) is 1DM = 2FF, and that the European Community set the price floor for 1 kilo of apples at 5DM/10FF. 
 Everything else being equal, if the value of the FF decreases to 1DM = 3 FF :

Answer

It is now cheaper to buy apples in Germany

Answer

It is now cheaper to buy apples in France

Answer

I don't know

Answer

There is no impact on the price of apples in France and Germany

Crowdly

Suppose that the initial exchange rate between the French Franc (FF) and the Deu...

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