Option A is the correct answer. If the demand for British pounds increases the pound will appreciate, other things being equal.
What exactly is "demand"?
- The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics.
- The request bend is another title for the relationship between cost and amount request.
- Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, convenience, alternatives offered, buyer preferences and disposable money.
What is the nature of the demand?
- Demand is the quantity of a good or service that a buyer is willing and able to purchase over time at a range of pricing.
- Demanded Quantity: The amount a consumer is prepared and willing to purchase at a specific price during a specific time frame.
Option A is the correct answer. If the demand for British pounds increases the pound will appreciate, other things being equal.
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