What is the percentage change in price for an American importer of Indian sitar music cassettes if the Indian rupee/U.S. dollar exchange rate goes from 12 rps./$ to 14rps./$ and the price of a cassette is 50 rupees?
A) ?16.7%
B) ?14.4%
C) +20.2%
D) +16.5%
E) +14.2%
B
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