Exhibit 15-6 Dollars Per British Pound in Exhibit 15-6

question 233

Multiple Choice

Exhibit 15-6 Dollars per British pound In Exhibit 15-6, when the exchange rate is 3 dollars per pound,

• A)there is an excess supply of 110 pounds.
• B)there is an excess demand of 110 pounds.
• C)there is an excess supply of 110 dollars.
• D)there is an excess demand of 110 dollars.
• E)the market is in equilibrium.

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Definitions:

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