Question: If the prices in the equation between price and quantity are expressed in a different currency (such as euros at 1.2 per dollar), How does

If the prices in the equation between price and quantity are expressed in a different currency (such as euros at 1.2 per dollar), How does the elasticity change? Choose the correct answer below.
a. The elasticity is multiplied by the log of the conversion rate because elasticity is the slope in a log-log regression equation.
b. The elasticity is divided by the log of the conversion rate because elasticity is the slope in a log-log regression equation.
c. The elasticity is multiplied by the conversion rate because the original monetary values are changing by a factor equal to the conversion rate.
d. The elasticity does not change because the percentage changes in the currency values are the same.
e. The elasticity is divided by the conversion rate because the original monetary values are changing by a factor equal to the conversion rate.

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