In the diagram D₁ and S₁ are the initial supply and demand curves of the pound sterling (£) on the foreign exchange markets. price of £ (in $) C D * quantity of £ What will cause the demand curve to shift to D₂ and the supply curve to S₂? A a decrease in the price levels of other countries B a depreciation of the pound sterling a reduction in the level of UK import tariffs an increase in UK interest rates

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