In a Competitive Foreign- Exchange Market Between the Dollar and the British

In a competitive foreign- exchange market between the dollar and the British pound, a price of pounds (in terms of dollars) above the free- market equilibrium would

A) result in the quantity of dollars supplied being greater than the quantity demanded.
B) lead to a depreciation of the dollar.
C) result in the quantity of pounds demanded being greater than the quantity supplied.
D) indicate that some people who wish to purchase pounds will not be able to do so at the current exchange rate.
E) lead to an appreciation of the dollar.