Let P denote the price of goods in the United States, $p ^ { w }$
denote the price of goods in the foreign country, and E denote the exchange rate, measured as the number of units of foreign currency that can be purchased with one dollar. According to the law of one price, $P = E P ^ { w }$
.

Question

Let P denote the price of goods in the United States, $p ^ { w }$ 
denote the price of goods in the foreign country, and E denote the exchange rate, measured as the number of units of foreign currency that can be purchased with one dollar. According to the law of one price, $P = E P ^ { w }$ 
.

Quizplus · Accepted Answer

The Answer of Let P denote the price of goods in the United States, $p ^ { w }$ 
denote the price of goods in the foreign country, and E denote the exchange rate, measured as the number of units of foreign currency that can be purchased with one dollar. According to the law of one price, $P = E P ^ { w }$ 
.

Let P Denote the Price of Goods in the United pwp ^ { w }pw

Let P Denote the Price of Goods in the United $p ^ { w }$