Narrbegin Exhibit 18.4 Dollars per British pound
$$\begin{array} { | c | c | c | }
\hline \begin{array} { c }
\text { Quantity } \
\text { demanded }
\end{array} & \begin{array} { c }
\text { Dollars } \
\text { per pound }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { supplied }
\end{array} \
\hline 200 & 5 & 600 \
\hline 240 & 4 & 480 \
\hline 300 & 3 & 410 \
\hline 360 & 2 & 360 \
\hline 390 & 1 & 330 \
\hline
\end{array}$$
-In Exhibit 18.4, the equilibrium exchange rate is:

Question

Narrbegin Exhibit 18.4 Dollars per British pound
 $$\begin{array} { | c | c | c | } 
\hline \begin{array} { c } 
\text { Quantity } \
\text { demanded }
\end{array} & \begin{array} { c } 
\text { Dollars } \
\text { per pound }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { supplied }
\end{array} \
\hline 200 & 5 & 600 \
\hline 240 & 4 & 480 \
\hline 300 & 3 & 410 \
\hline 360 & 2 & 360 \
\hline 390 & 1 & 330 \
\hline
\end{array}$$ 
-In Exhibit 18.4, the equilibrium exchange rate is:

Quizplus · Accepted Answer

The equilibrium exchange rate is where the supply and demand curves intersect, which is at $2 per British pound on this graph.

Narrbegin Exhibit 18 -In Exhibit 18