Answer to Question #91796 in Macroeconomics for charity

Question #91796
draw a demand and supply curve for British pounds(on vertical axis plot rand per British pound)
1
Expert's answer
2019-07-22T11:45:32-0400

A demand curve for British pounds is downward-sloping, and supply curve for British pounds is upward sloping. Both curves intersect in equilibrium point, where market equilibrium exchange rate and quantity can be found.


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