The Graph Illustrates the Market for Pounds Sterling, the Currency

Multiple Choice

The graph illustrates the market for pounds sterling, the currency of the United Kingdom. As the number of buyers of pounds decreases and the number of sellers of pounds increases, the equilibrium price of a pound

A) will remain the same.
B) will fall.
C) will rise.
D) might rise, fall or remain the same but more information is needed.
E) will rise if the magnitude of the effect on the buyers is larger than the magnitude of the effect on the sellers.