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4 International trade and the global economy

4 International trade and the global economy

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Question 20

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The diagram shows demand for pounds shifting from D1 to D2 while supply shifts from S1 to S2. Which outcome is certain?

[1]
A

The pound appreciates

B

The pound depreciates

C

The equilibrium quantity of pounds traded increases, but the exchange-rate effect is uncertain

D

Both exchange rate and quantity remain unchanged

Markscheme

4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

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