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Please answer A and B. of his frequent tips, he wants to buy some new, high quality luggape, He has done his coseorch and has

Please answer A and B. image text in transcribed
of his frequent tips, he wants to buy some new, high quality luggape, He has done his coseorch and has dedded to go with a Brogs and Pley three piece loggage bet. There are retall stores in Phoonk and Sydney. Tery was a france major and wants to ise purchasing power parity to detomine it he is paying the same peice regaedless of whiere he makes his purchase. a. If the price of the threopiece luggage set in Phoonix is $844 and the price of the samo theo-plece set in Sydney is A $922, using purchaing pewer parity is the price of the lugbage fred equal if the pootrate is Ast.0a24s? the Australan inflason rate is 3.15% the spot rale is A51.0924 is? (Seled the best choice belowe) A. Thare is not enough indormation lo deterene if the price of the kopage in cequal B. No, the price of the luggage is not equal If the spot tate is A51.0924/5 C. Yes, the peice of the luggage is truly equal if the spot rate is A540944/1

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