Table 11.2.Supply and Demand of British Pounds

Multiple Choice

Table 11.2.Supply and Demand of British Pounds

-Refer to Table 11.2.At the exchange rate of $1.40 per pound,there is an ____ for pounds.This imbalance causes ____ in the price of the pound,which leads to ____ in the quantity of pounds supplied and ____ in the quantity of pounds demanded.

A) Excess supply,a decrease,an increase,a decrease
B) Excess supply,an increase,a decrease,an increase
C) Excess demand,an increase,an increase,a decrease
D) Excess demand,an increase,a decrease,an increase