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Refer to the Information Provided in Figure 34

question 145

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Refer to the information provided in Figure 34.4 below to answer the question(s) that follow. 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 S<sub>1</sub> and D<sub>1</sub>. Which of the following can change the equilibrium exchange rate ($/pound) to $1.50 and the equilibrium quantity to 400 pounds? A) British purchases of U.S.-made cars increase B) United States purchases of British-made cars increase C) the price level in Great Britain decreases D) income in the United States decreases Figure 34.4
-Refer to Figure 34.4. The demand and supply of pounds are S1 and D1. Which of the following can change the equilibrium exchange rate ($/pound) to $1.50 and the equilibrium quantity to 400 pounds?

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