Assume that the British government eliminates all controls on imports by British companies. Other things being equal, the U.S. demand for pounds would ____, the supply of pounds for sale would ____, and the equilibrium value of the pound would ____.
A) increase; increase; increase
B) decrease; increase; decrease
C) remain unchanged; increase; decrease
D) remain unchanged; increase; increase

Question

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The Answer of Assume that the British government eliminates all controls on imports by British companies. Other things being equal, the U.S. demand for pounds would ____, the supply of pounds for sale would ____, and the equilibrium value of the pound would ____.
A) increase; increase; increase
B) decrease; increase; decrease
C) remain unchanged; increase; decrease
D) remain unchanged; increase; increase

Assume That the British Government Eliminates All Controls on Imports