Assume that the British government imposes quotas on imports by British companies. Other things being equal,...

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Assume that the British government imposes quotas on imports by British companies. Other things being equal,...

Assume that the British government imposes quotas 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. decrease; increase; decrease

b. remain unchanged; decrease; increase

c. remain unchanged; increase; decrease

d. increase; increase; increase

business finance

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Answer 1

Answer #1

Option 'B' is correct

Remain unchanged, decrease, increase.

Assume that the British government imposes quotas on imports by British companies. Other things being equal, the U.S demand for pounds would remain unchanged, the supply of pounds for sale would decrease and the equilibrium value of the pound would Increase.

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Answer 2

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Assume that the British government imposes quotas on imports by British companies. Other things being equal,...

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Assume that the British government imposes quotas on imports by British companies. Other things being equal,...