Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 38 - The Balance of Payments, Exchange Rates, and Trade Deficits - Quick Quiz for Figure 38.1 - Page 786: 2

Answer

B.) the quantity of pounds supplied equals the quantity demanded.

Work Step by Step

This is the definition of equilibrium point.
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