Multiple Choice
In June 2008, $1 bought 0.5 pounds and in October, $1 bought 0.65 pounds. As a result of this change, ________ between June and October.
A) the demand for dollars increased
B) the dollar appreciated and the quantity of dollars demanded decreased
C) the dollar depreciated and the quantity of dollars demanded decreased
D) the demand for dollars decreased
Correct Answer:
Verified
Correct Answer:
Verified
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