Use the Graph Below to Answer Questions 9 - 12

question 32

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.When the demand curve shifts to D₂,the pound ___________ and the quantities of pound traded in the market __________.

• A) appreciates; increases
• B) appreciates; decreases
• C) depreciates; increases
• D) depreciates, decreases

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Definitions:

Different Theories

Various established principles or explanations that aim to understand, predict, or explain phenomena within specific fields.

Increase Quality

The process or actions taken to enhance the standard, excellence, or value of products, services, or processes.

Decision

The act of making a choice among different alternatives or determining a course of action in a given situation.

Cooperation

Cooperation involves the process where two or more entities work or act together for common or mutually beneficial purposes.