Question

Price discrepancies across the euro zone have been disappearing because manufacturers can no longer cite currency fluctuations as a justification for the discrepancies. What does this mean?

1) Buyers can comparison shop easily because goods will be priced in euros as opposed to marks, francs, or lira.
2) Manufacturers can increase prices without any consequences.
3) Currency fluctuations have no impact on price discrepancies.
4) Price discrepancies are still prevalent in the euro zone.

Answer 1

Price discrepancies across the euro zone are disappearing because manufacturers can no longer use currency fluctuations as a justification. Buyers can now comparison shop easily because goods are priced in euros. Currency fluctuations no longer have an impact on price discrepancies.

Step-by-step explanation:

The statement means that price discrepancies across the euro zone have been disappearing because manufacturers can no longer use currency fluctuations as a justification for the discrepancies.

Buyers can now easily comparison shop because goods are priced in euros, which is the common currency for the euro zone countries, instead of individual currencies like marks, francs, or lira.

This eliminates the impact of currency fluctuations on price differences and makes it easier for buyers to make informed purchasing decisions.