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Refer to the Information Provided in Figure 19

Question 304

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Refer to the information provided in Figure 19.4 below to answer the questions that follow. Refer to the information provided in Figure 19.4 below to answer the questions that follow. Figure 19.4 -Refer to Figure 19.4. The demand and supply of pounds are D<sub>1</sub> and S<sub>1</sub>. If the demand shifts to D<sub>2</sub> and supply remains unchanged at S<sub>1</sub> A) the dollar depreciates and the equilibrium quantity of pounds increases. B) the dollar depreciates and the equilibrium quantity of pounds decreases. C) the dollar appreciates and the equilibrium quantity of pounds decreases. D) the dollar appreciates and the equilibrium quantity of pounds increases. Figure 19.4
-Refer to Figure 19.4. The demand and supply of pounds are D1 and S1. If the demand shifts to D2 and supply remains unchanged at S1


A) the dollar depreciates and the equilibrium quantity of pounds increases.
B) the dollar depreciates and the equilibrium quantity of pounds decreases.
C) the dollar appreciates and the equilibrium quantity of pounds decreases.
D) the dollar appreciates and the equilibrium quantity of pounds increases.

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