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Can someone please show the equilibrium price at 10 dollars per pound supposing that the demand for pound decreases so that the new exchange rate
Can someone please show the equilibrium price at 10 dollars per pound supposing that the demand for pound decreases so that the new exchange rate is 2 dollars per pound. Has the dollar appreciated or depreciated? Which currency has strengthened? Is this good or bad for the UK? For US? Also if you can make the supply and demand graphs for foreign exchange market expressed in terms of dollars per pound the that would be great
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