Exhibit 18-4 Dollars per British pound
-In Exhibit 18-4,when the exchange rate is 1 dollar per pound:
A) the market is in equilibrium.
B) there is a surplus of 30 pounds.
C) there is a surplus of 60 pounds.
D) there is a shortage of 30 pounds.
E) there is a shortage of 60 pounds.
Correct Answer:
Verified
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