× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
New Topic  
Tidy Tidy
wrote...
Posts: 4852
8 years ago
If American demand for purchases of British goods has decreased, how would you expect the equilibrium exchange rate in the market for dollars to respond? Support your answer graphically.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 253 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face

Related Topics

Replies
wrote...
8 years ago
 If Americans are demanding fewer British goods, they will trade fewer dollars in the foreign exchange market for British pounds. This decrease in the supply of dollars is represented by the shift to the left in the supply of dollars below. As the supply of dollars decreases, the equilibrium exchange rate rises (the dollar appreciates).
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1201 People Browsing
Related Images
  
 381
  
 222
  
 1650
Your Opinion
What's your favorite funny biology word?
Votes: 328