The Figure Given Below Depicts the Demand and Supply of Brazilian

question 1

Multiple Choice

The figure given below depicts the demand and supply of Brazilian reals in the foreign exchange market.Assume that the market operates under a flexible exchange rate regime. Figure 22.1 In the figure:
D₁ and D₂: Demand for Brazilian reals
S₁ and S₂: Supply of Brazilian reals
-Refer to Figure 22.1.Determine the equilibrium exchange rate and equilibrium quantity of Brazilian reals,if D₁ and S₁ are the relevant demand and supply curves for Brazilian reals in this market.

• A)10 pesos per real and a quantity of 150 reals
• B)6 pesos per real and a quantity of 250 reals
• C)8 pesos per real and a quantity of 150 reals
• D)8 pesos per real and a quantity of 250 reals
• E)6 pesos per real and a quantity of 200 reals

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