Suppose a Set of English Bone China Costing 1,000 Pounds

Multiple Choice

Suppose a set of English bone china costing 1,000 pounds costs $3,000 in the United States. After devaluation, the set of china costs $1,000. This change

A) shows that to foreigner purchasers, the price of the china is the same before and after the devaluation.
B) makes the china less attractive to foreigner purchasers.
C) makes the china more attractive to foreign purchasers.
D) is irrelevant to foreign purchasers.
E) proves that foreign purchasers would prefer devaluation of the English pound so that it would be worth $2. That way, they could get even more for their dollars.