In a Graph Showing the Market Supply and Demand for British

question 261

Multiple Choice

In a graph showing the market supply and demand for British pounds in terms of U.S. dollars, the demand-for-pounds curve is downsloping because

• A) fewer British pounds can be purchased if pounds become less expensive.
• B) fewer U.S. dollars can be purchased if British pounds become less expensive.
• C) more U.S. dollars can be purchased if British pounds become more expensive.
• D) more British pounds can be purchased if pounds become less expensive.

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