Test: Chap... Question 11 of 20 This test: 200 points possible This question: 10 points possible Submit test Suppose the law of one price holds for wheat and the price of what is $5.0 per bushel in the United States, and the peso dolor exchange rate is 10 pesos per dotar. The price of wheat in terms of pesos is pesos. (Round your response to the nearest peso) Now suppose that purchasing power parity holds between the United States and Mexico. If the price level in Mexico doubles relative to the price over in the United States, then the new peso/dollar exchange rate will be pesos per dolar. (Round your response to the nearest peso) The price of what in terms of pesos will now be pesos. (Round your response to the nearest peso) 8S