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, when the exchange rate is three dollars per pound:

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, when the exchange rate is three dollars per pound:

Quizplus · Accepted Answer

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

Narrbegin Exhibit 18 -In Exhibit 18