Question:

Use the table to answer the question.

Quantity of Pounds Supplied	Dollars per Pound	Quantity of Pounds Demanded
50	3.50	10
40	3.00	20
30	2.50	30
20	1.50	40
10	1.00	50

The equilibrium exchange rate equals _____. At this exchange rate, _____ pounds are purchased at a cost of _____.

Answer rating: 100% (QA)

Answer The equilibrium exchange rate equals 250 1 because this is the rate wher... View the full answer