Question
If the exchange rate between the Canadian dollar and the Pound is 1 Canadian dollar = 0.71 Pounds, according to the law of one price,
If the exchange rate between the Canadian dollar and the Pound is 1 Canadian dollar = 0.71 Pounds, according to the law of one price, a baseball cap that retails for 17 Canadian dollars in Toronto should sell for about _____ in C2: Group of answer choices 23.8 Pounds 8.5 Pounds 12.07 Pounds 24 Pounds
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
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