The quantity demanded of a product is the amount that buyers are willing and able to purchase at a particular price

The above table shows production points on Sweet-Tooth Land's production possibilities frontier. Which of the following statements is TRUE?

A) Producing 0 chocolate bars and 100 cans of cola is both attainable and efficient. B) Producing 20 chocolate bars and 80 cans of cola is attainable, but inefficient. C) Producing 30 chocolate bars and 38 cans of cola is only attainable with an increase in technology. D) Producing 40 chocolate bars and 0 cans of cola is unattainable and inefficient.

A change in the dollar value of the British pound from $1.60 to $1.50 represents

A) an increase in the pound price of British goods. B) an appreciation of the dollar relative to the pound. C) an appreciation of the pound relative to the dollar. D) an increase in the dollar price of British goods.