Figure 11.1. Supply and Demand Schedules of Francs Refer to Figure 11.1. Suppose the exchange rate is ( $ 0.70 ) per franc. At this exchange rate, there is an of francs, which leads to a in the dollar price of the franc, a(n) in the quantity of francs supplied, and a(n) in the quantity of francs demanded.

Figure 11.1. Supply and Demand Schedales of Frases Refer to Figure 11.1. Suppose the exchange rate is 50.70 per frane. At this exchange rate, there is an of franes, which leads to a in the dollar price of the franc, a(n) in the quantity of francs supplied, and a(n) in the quantity of francs demanded