suppose a laptop costs US$1000 in the us. The same laptop can be purchased in...
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suppose a laptop costs US$1000 in the us. The same laptop can be purchased in Britain for 900 British pounds at a time when 1 British pound = 1 usd what affect would the purchases of these laptops have likely on the value of the British pound in US$ terms
The pound will remain unchanged but Britain will sell lots of laptops
The pound will get stronger (more Expensive)
The pound will get Weaker (more expensive)
The pound will remain unchanged but British will sell very few laptops as a result
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