Suppose hockey skates sell in Canada for 132 Canadian dollars,and 1 Canadian dollar equals 0.71 U.S.dollar.If purchasing power parity (PPP) holds,what is the price of hockey skates in the United States?
A) $81.54
B) $117.15
C) $106.84
D) $104.97
E) $93.72
Correct Answer:
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