Suppose that equilibrium in the dollar-pound market occurs where 300 million pounds are demanded at a price of $1.65 per pound. If the current exchange rate is $1.80 per pound, there is will be a(n)
a. rightward movement along the supply of British pounds curve
b. leftward movement along the supply of British pounds curve
c. rightward shift of the supply of British pounds curve
d. leftward shift of the supply of British pounds curve
e. increase in the exchange rate
B
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