Table 11.2.Supply and Demand of British Pounds

question 162

Multiple Choice

Table 11.2.Supply and Demand of British Pounds

-Refer to Table 11.2.At the exchange rate of $1.40 per pound,there is an ____ for pounds.This imbalance causes ____ in the price of the pound,which leads to ____ in the quantity of pounds supplied and ____ in the quantity of pounds demanded.

• A) Excess supply,a decrease,an increase,a decrease
• B) Excess supply,an increase,a decrease,an increase
• C) Excess demand,an increase,an increase,a decrease
• D) Excess demand,an increase,a decrease,an increase

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