Use the Graph Below to Answer Questions 9 - 12

question 12

Multiple Choice

Use the graph below to answer questions 9 - 12.
Figure 1.1
-Refer to Figure 1.1.Suppose that the market for British pound is initially in equilibrium at point A with the exchange rate $2.00 per pound.Which of the following could shift the demand for pound from D₁ to D₂?

• A) Americans want to buy British goods more than before.
• B) Americans want to buy British goods less than before.
• C) British want to buy American goods more than before.
• D) British want to buy American goods less than before.

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Definitions:

Functional Silo

is a situation where different departments or sections within an organization operate in isolation from one another.

Catalog Retailer

A business that sells products directly to consumers through catalogs, allowing customers to shop without visiting a physical store.

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