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 _____.