Figure 18-2
-Refer to Figure 18-2.Consider the market for U.S.Dollars against the British pound shown in the graph above.From this graph we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound.
A)decreased; 0.46
B)increased; 2.17
C)decreased; 2.00
D)increased; 0.50

Question

Figure 18-2 
-Refer to Figure 18-2.Consider the market for U.S.Dollars against the British pound shown in the graph above.From this graph we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound.
A)decreased; 0.46 
B)increased; 2.17 
C)decreased; 2.00 
D)increased; 0.50

Quizplus · Accepted Answer

The correct answer is B because the graph would show a shift from a lower to a higher dollar price per British pound, indicating an increase to 2.17 dollars per pound.

Figure 18-2 -Refer to Figure 18-2.Consider the Market for U.S.Dollars Against the U.S.Dollars