Given an upward-sloping supply schedule of pounds and a downward-sloping demand schedule for pounds, a decrease in the supply schedule causes an appreciation of the dollar against the pound.

Question

Quizplus · Accepted Answer

The question asks about the Market for the Euro, but then talks about supply and demand for pounds. This is confusing and incorrect. Therefore, the answer is B, false.

Given an Upward-Sloping Supply Schedule of Pounds and a Downward-Sloping