Assume that the British government eliminates all controls on imports by British companies. Other things being equal, the U.S. demand for pounds would , the supply of pounds for sale would , and the equilibrium value of the pound would

If the British government eliminates controls on imports United States sand for pounds will remain unchanged because the United States has not changed its import amount from Britain so there is no difference in demand for pounds.

Because Britain is importing more the supply of their currency will be higher as they will use more pounds to purchase goods and services.

As the import increase in Britain the currency becomes weaker, demand for the pound will decrease and equillibrum will fall.

Assume that the British government eliminates all controls on imports by British companies. Other things being equal, the U.S. demand for pounds would ____, the supply of pounds for sale would ____, and the equilibrium value of the pound would ____

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Assume that the British government eliminates all controls on imports by British companies. Other things being equal, the U.S. demand for pounds would , the supply of pounds for sale would , and the equilibrium value of the pound would