In a Graph Showing the Market Supply and Demand for British

question 50

Multiple Choice

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

• A) Fewer British pounds can be purchased per dollar if U.S. dollars become more expensive
• B) Fewer U.S. dollars can be purchased per pound if the British pounds become less expensive
• C) The British will purchase more U.S. goods or services when the dollar price of pounds rises
• D) The British will purchase more U.S. goods or services when the dollar price of pounds falls

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