If American consumers increase their demand for British goods,they are willing to pay fewer U.S.dollars per British pound.

Name: If American consumers increase their demand for British goods,they are willing to pay fewer U.S.dollars per British pound.
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Question

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If American consumers increase their demand for British goods, they will need more British pounds, leading to an increase in the demand for pounds and a higher exchange rate, meaning they will pay more U.S. dollars per British pound.

If American Consumers Increase Their Demand for British Goods,they Are