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27-05-2023
Business

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he demand and supply for the British Pound in the Foreign Exchange Market are given by the following equations respectively:
Qd=30,000−7500e
Qs=15,000+2500e
Here, e is the exchange rate between dollars and pounds in the form $/£.
Answer the following questions.
What is the equilibrium exchange rate? Make sure to express it in the form of the price of one pound in terms of dollars.

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