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= 9. A television set sells for $699 U.S. dollars. In the spot market, $1 = 152 Japanese yen. If purchasing power parity holds, what

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= 9. A television set sells for $699 U.S. dollars. In the spot market, $1 = 152 Japanese yen. If purchasing power parity holds, what should be the price (in yen) of the same television set in Japan? A. 76,248 yen B. 86,248 yen C. 96,248 yen D. 106,248 yen E. 116,248 yen

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