Exhibit 21-6 Dollars per British pound $$\begin{array} { | c | c | c | }
\hline \begin{array} { c }
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c }
\text { Dollars } \
\text { per Pound }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { Supplied }
\end{array} \
\hline 200 & 5 & 600 \
240 & 4 & 480 \
300 & 3 & 410 \
360 & 2 & 360 \
390 & 1 & 330 \
\hline
\end{array}$$ In Exhibit 21-6, when the exchange rate is 3 dollars per pound, there is an excess

Question

Exhibit 21-6 Dollars per British pound $$\begin{array} { | c | c | c | } 
\hline \begin{array} { c } 
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c } 
\text { Dollars } \
\text { per Pound }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Supplied }
\end{array} \
\hline 200 & 5 & 600 \
240 & 4 & 480 \
300 & 3 & 410 \
360 & 2 & 360 \
390 & 1 & 330 \
\hline
\end{array}$$ In Exhibit 21-6, when the exchange rate is 3 dollars per pound, there is an excess

Quizplus · Accepted Answer

At an exchange rate of 3 dollars per pound, the quantity demanded is 300 pounds and the quantity supplied is 410 pounds, resulting in an excess supply of 110 pounds.

Exhibit 21-6 Dollars Per British Pound In Exhibit 21-6, When the Exchange Rate Is 3 Dollars