Solved

In a Graph Showing the Market Supply and Demand for British

Question 261

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions