In a Graph Showing the Market Supply and Demand for British

question 148

Multiple Choice

In a graph showing the market supply and demand for British pounds in terms of U.S. dollars, the demand-for-pounds curve is downsloping because:

• A) Fewer British pounds can be purchased if pounds become less expensive
• B) Fewer U.S. dollars can be purchased if British pounds become less expensive
• C) More U.S. dollars can be purchased if British pounds become more expensive
• D) More British pounds can be purchased if pounds become less expensive