If newspaper headlines detailed an increased American interest in British goods, which of the following would we expect to observe in the market for pounds?
a. An increase in supply, a depreciation of the pound, and a larger number of pounds traded
b. An increase in demand, a depreciation of the pound, and a smaller number of pounds traded
c. An increase in demand, an appreciation of the pound, and a larger number of pounds traded
d. A decrease in demand, a depreciation of the pound, and a smaller number of pounds traded
e. A decrease in supply, an appreciation of the pound, and a smaller number of pounds traded.
C
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