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The Camera You Want to Buy Costs $399 in the U.S.If

Question 78

Multiple Choice

The camera you want to buy costs $399 in the U.S.If absolute purchasing power parity exists,the identical camera will cost ________ in Australia if the exchange rate is A$1 = $.7752.


A) A$309.30
B) A$393.23
C) A$435.09
D) A$514.71
E) A$506.67

Correct Answer:

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