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 five 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 five dollars per pound:

Quizplus · Accepted Answer

At an exchange rate of five dollars per pound, the quantity demanded is 200 pounds and the quantity supplied is 600 pounds, resulting in an excess supply of 400 pounds.

Narrbegin Exhibit 18 -In Exhibit 18