Everything Else Being Equal,an Increase in the Demand for Dollars

Multiple Choice

Everything else being equal,an increase in the demand for dollars in exchange for pesos will cause the dollar ________ the quantity of dollars being traded in the foreign exchange market.

A) to appreciate against the peso and will decrease
B) to depreciate against the peso and will decrease
C) to appreciate against the peso and will increase
D) to depreciate against the peso and will increase