Refer to the graph, which shows the supply and demand for British pounds. D₁ and S₁ represent the initial demand and supply curves. What will be the new market equilibrium point as indicated in the graph if there is an increase in consumer spending by the British for American products and a decrease in consumer spending by Americans for British products?
A)A
B)C
C)H

Question

Refer to the graph, which shows the supply and demand for British pounds. D₁ and S₁ represent the initial demand and supply curves. What will be the new market equilibrium point as indicated in the graph if there is an increase in consumer spending by the British for American products and a decrease in consumer spending by Americans for British products?
A)A 
B)C 
C)H

Quizplus · Accepted Answer

The Answer of  Refer to the graph, which shows the supply and demand for British pounds. D₁ and S₁ represent the initial demand and supply curves. What will be the new market equilibrium point as indicated in the graph if there is an increase in consumer spending by the British for American products and a decrease in consumer spending by Americans for British products?
A)A 
B)C 
C)H

Refer to the Graph, Which Shows the Supply and Demand