The law of one price The theory of purchasing power party (PPP) states that in the long-run exchange rates between two countries adjusts so that the price of an identical good is the same when expressed in the same currency. A gaming console sells for $175.23 in the United States. The exchange rate between the U.S. dollar and the Swiss franc (SFr) is $0.8145 per Swiss franc. PU Assuming that Ppp holds true, how much does the same gaming console cost in Switzerland? SF 258.17 SF 216.14 SF 236.65 SF 268.92 ranc. Assuming that PPP holds true, how much does the same gaming console cost in Switzerland? SFr 258.17 SFr 215.14 Sfr 236.65 SFr 268.92 Suppose the price of the gaming console in Switzerland was actually SFr 172.11. Assuming no transaction costs, transportation costs, or import restrictions, PPP predicts that the demand would in Switzerland