Use the Graph Below to Answer Questions 9 - 12

question 65

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.Then the demand curve shifts to D₂.If the British central bank wants to fix the exchange rate at $2.00/pound,there will be ________ of pound and the pound is __________.

• A) excess supply; overvalued
• B) excess supply; undervalued
• C) excess demand; overvalued
• D) excess demand; undervalued

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Definitions:

Microbes

Microscopic organisms, including bacteria, viruses, fungi, and protozoa.

Aseptic Technique

A set of practices and procedures performed under sterile conditions to minimize the risk of infection.

Contamination

The presence of unwanted substances or impurities that can cause harm or reduce purity.

Anesthetic

A substance used to induce insensitivity to pain, typically during surgical procedures.