
The graph illustrates the market for British pounds, the currency of the United Kingdom. As the Number of buyers of pounds increases and the number of sellers of pounds increases, the equilibrium price of a pound
A) will remain the same.
B) will rise.
C) will fall
D) might rise, fall, or remain the same depending on whether the effect on buyers is larger than, less than, or the same as the effect on sellers.
E) None of the above answers is correct.
Correct Answer:
Verified
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