Suppose that the real exchange value of the dollar in terms of the euro appreciates 10 percent. As a result, will the choice to a U.S. consumer be any different if this takes place through a nominal appreciation of 10 percent or a 10 percent decline in the price of a good denominated in euros? Suppose that the initial exchange rate is $1.50 = €1 and the initial price of the European good is €100.