The Figure Given Below Depicts the Foreign Exchange Market for British

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-An appreciation of the Norwegian kroner in relation to the U.S. dollar is most likely to cause:

A) an increase in the U.S. demand for Norwegian goods.
B) an increase in the Norwegian demand for U.S. goods.
C) an increase in the supply of U.S. goods to Norway.
D) a decrease in the supply of Norwegian goods to the United States.
E) no change in the demand or supply of goods for either country.