If the Demand for British Pounds Decreases

question 144

Multiple Choice

If the demand for British pounds decreases,

• A) the equilibrium price of the pound will increase
• B) the equilibrium price of the pound will decrease
• C) the equilibrium price of the pound will not change
• D) the equilibrium price of the pound will change,but we need additional information to predict the direction of the change
• E) no one can predict what will happen

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Definitions:

Custodial Mother

A mother who has been granted physical and/or legal custody of a child by a court of law.

Financial Disadvantage

A state or condition where individuals or groups have less economic resources and opportunities than others in society.

Stepfamily Integration

The process by which members of a stepfamily adjust and blend their relationships, roles, and expectations to form a cohesive family unit.

Months

Units of time in calendars that approximate the natural period related to the motion of the Moon; used to measure longer periods of time than days and shorter than years.