Which of the following statements is true? a. The quantity of pounds demanded falls when the dollar appreciates. b. The quantity of pounds supplied declines as the dollar price of the pound rises. c....

Which of the following statements is true? a. The quantity of pounds demanded falls when the dollar appreciates. b. The quantity of pounds supplied declines as the dollar price of the pound rises. c. At the equilibrium exchange rate, the pound price of $1 is £1 2. d. The dollar appreciates if the demand for pounds increases.