Multiple Choice
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 D2 and S2. If the demand shifts to D1 and supply remains unchanged at S2
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.
Correct Answer:
Verified
Correct Answer:
Verified
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