The Table Shows the Supply and Demand Schedules for the
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question 267

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Quantity of Euros } \\\text { Supplied }\end{array} & \text { Price } & \begin{array} { c } \text { Quantity of Euros } \\\text { Demanded }\end{array} \\\hline 400 & \$ 1.10 & 100 \\\hline 360 & 1.00 & 200 \\\hline 300 & 0.90 & 300 \\\hline 286 & 0.80 & 400 \\\hline 287 & 0.70 & 500 \\\hline\end{array}$$ The table shows the supply and demand schedules for the European euro. Under a ?exible exchange-rate system, what will be the rate of exchange for one euro?

• A) $0.80
• B) $0.90
• C) $1.00
• D) $1.10

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