Supply /OT . OIL HOT 7/25/2 I/OT :/L/6 Assessment due: Feb. 20th, 11:59 pm CDT . Draw the exchange market where dollars trade for British Pounds, with the equilibrium exchange rate at $1.29 and the equilibrium total amount of Pounds traded at 10 million. a. Assume that people in Britain become pessimistic about visiting, buying from, or investing in the United States. How will this market be affected? (i,e., which curve(s) will shift, and in which direction?) Down Slope demand ( shift to left) - supply b. What will happen to the equilibrium quantity of Pounds traded after the event in part a? LAND RIGHT What will happen to the equilibrium exchange rate