Question: Take a look at Figure 33-6. Suppose that the preferences of most British residents alter toward purchasing more downloaded online screaming videos of Hollywood movies

Take a look at Figure 33-6. Suppose that the preferences of most British residents alter toward purchasing more downloaded online screaming videos of Hollywood movies distributed by U.S. firms. What will happen to the equilibrium dollar price of the pound, and why? Does the dollar appreciate or depreciate in relation to the pound?

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