The Canadian supply of pounds is:
A) downward sloping because a lower dollar price of pounds means Canadian goods are cheaper to the British.
B) upward sloping because a higher dollar price of pounds means Canadian goods are cheaper to the British.
C) upward sloping because a lower dollar price of pounds means Canadian goods are cheaper to the British.
D) downward sloping because a higher dollar price of pounds means Canadian goods are cheaper to the British.
Correct Answer:
Verified
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