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Figure 11.1. Supply and Demand Schedules of Francs

Question 197

Multiple Choice

Figure 11.1. Supply and Demand Schedules of Francs
​ Figure 11.1. Supply and Demand Schedules of Francs ​ -Refer to Figure 11.1.At the equilibrium exchange rate of ____ per franc, ____ francs will be purchased at a total dollar cost of ____. A) $.50, 5 million, $2.5 million B) $.50, 5 million, $1.5 million C) $.70, 3 million, $2.1 million D) $.70, 7 million, $4.9 million
-Refer to Figure 11.1.At the equilibrium exchange rate of ____ per franc, ____ francs will be purchased at a total dollar cost of ____.


A) $.50, 5 million, $2.5 million
B) $.50, 5 million, $1.5 million
C) $.70, 3 million, $2.1 million
D) $.70, 7 million, $4.9 million

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