An increase in price will result in a decrease in the quantity supplied.

a. true
b. false

Ans: b. false

Economics

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Economics

If the British pound depreciates against the U.S. dollar,

A) British businesses gain by an increase in the dollar price of exports to the United States. B) British consumers gain by a decrease in the pound price of U.S. exports to Britain. C) British consumers lose by an increase in the pound price of U.S. exports Britain. D) U.S. consumers lose by an increase in the dollar price of British exports to the United States.

Economics