​Assume That the British Government Eliminates All Controls on Imports

Multiple Choice

​Assume that the British government eliminates all controls on imports by British companies. Other things being equal, the U.S. demand for pounds would ____, the supply of pounds for sale would ____, and the equilibrium value of the pound would ____.

A) ​increase; increase; increase
B) ​decrease; increase; decrease
C) ​remain unchanged; increase; decrease
D) ​remain unchanged; increase; increase