Refer to the Information Provided in Figure 34

question 211

Multiple Choice

Refer to the information provided in Figure 34.4 below to answer the question(s) that follow. Figure 34.4
-Refer to Figure 34.4. The demand and supply of pounds are D₂ and S₂. If the demand shifts to D₁ and supply remains unchanged at S₂

• A) the dollar depreciates and the equilibrium quantity of pounds increases.
• B) the dollar depreciates and the equilibrium quantity of pounds decreases.
• C) the dollar appreciates and the equilibrium quantity of pounds decreases.
• D) the dollar appreciates and the equilibrium quantity of pounds increases.

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