99. Consider the supply-demand framework for the British pound relative to the U.S. dollar shown in the nearby chart. The exchange rate is currently $1.80-1.00. Which of the following is correct? Dollar price per pound (exchange rate) $1.90- $1.80 S D D S D= S A. At an exchange rate of $1.80 = 1.00, demand for British pounds exceeds supply. B. At an exchange rate of $1.80-1.00, supply for British pounds exceeds demand. C. Under a flexible exchange rate regime, the U.S. dollar will depreciate to an exchange rate of $1.90- 1.00. D. a) and c) are correct