Refer to the Information Provided in Figure 20

question 10

Multiple Choice

Refer to the information provided in Figure 20.4 below to answer the questions that follow.
Figure 20.4
-Refer to Figure 20.4.The demand and supply of pounds are D₁ and S₁.If the demand shifts to D₂ and supply remains unchanged at S₁

• A)the dollar depreciates and the equilibrium quantity of pounds increases.
• B)the dollar depreciates and the equilibrium quantity of pounds decreases.
• C)the dollar appreciates and the equilibrium quantity of pounds decreases.
• D)the dollar appreciates and the equilibrium quantity of pounds increases.

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