Refer to the information provided in Figure 34.4 below to answer ...

[vicotolentino]

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.

[angrybirds13579]

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[vicotolentino]

Thanks for the timely response, appreciate it

[kjohnson]

Gracias!