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Author Question: Refer to the information provided in Figure 34.4 below to answer the question(s) that follow. Refer ... (Read 32 times)

vicotolentino

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.








Refer to Figure 34.4. The demand and supply of pounds are 
S
2 and 
D
2. Which of the following can change the equilibrium exchange rate ($/pound) to $1.50 and the equilibrium quantity to 400 pounds?


◦ British purchases of U.S.-made cars increase
◦ United States purchases of British-made cars increase
◦ the price level in Great Britain decreases
◦ income in Great Britain decreases

Question 2

Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.








Refer to Figure 34.4. If the demand and supply of pounds are 
D
1 and 
S
2, the equilibrium is


◦ $2.50 per pound and the quantity is 400 pounds.
◦ $2.00 per pound and the quantity is 300 pounds.
◦ 2 pound per $ and the quantity is 400 pounds.
◦ $1.50 per pound and the quantity is 200 pounds.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by vicotolentino on Apr 19, 2019

angrybirds13579

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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vicotolentino

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

bassamabas

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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