Exhibit 21-6 Dollars per British pound
QuantityDemanded
Dollarsper Pound
QuantitySupplied
200
5
600
240
4
480
300
3
410
360
2
360
390
1
330
In Exhibit 21-6, when the exchange rate is 3 dollars per pound, there is an excess
A. supply of 110 pounds.
B. demand of 110 pounds.
C. supply of 110 dollars.
D. demand of 110 dollars.
Answer: A
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